Coinbase Backed SWC, has mobilized 2.3 million crypto advocates to influence U.S. legislation

In the ongoing battle for favorable U.S. cryptocurrency legislation, grassroots organizations like Stand With Crypto (SWC) are making their voices heard. SWC, a non-profit advocacy group supported by Coinbase, has mobilized over 2.3 million crypto advocates, significantly influencing U.S. policy and legislative outcomes. This surge in political engagement is driven by the industry’s commitment to shaping the future of crypto in the U.S.

Coinbase amplify crypto legislation influence

While lobbyists and traditional political lobbying groups have played a role, SWC highlights the growing influence of passionate grassroots efforts, where individual activists and crypto professionals are playing a pivotal role in legislative processes. From organizing coalition letters to sending thousands of emails to senators, these efforts underscore the importance of voter involvement in shaping the future of crypto regulation.

Mason Lynaugh, community director at SWC, emphasized the organization’s ability to mobilize voters, particularly in pushing for pro-crypto measures such as the GENIUS and CLARITY Acts. These measures are integral to the broader goal of establishing clear and fair crypto regulations in the U.S., ensuring that cryptocurrency can thrive within a structured legal framework.

Mobilizing voters and educating policymakers

SWC’s efforts go beyond electoral politics. By engaging with policymakers at the federal and state levels, SWC has worked tirelessly to build a foundation for long-term crypto-friendly legislation. Lynaugh noted that the group’s efforts have already resulted in over 600,000 crypto voters registered for the 2024 election. This growing influence is pushing for the recognition of cryptocurrency as an essential component of the global financial ecosystem.

State-level initiatives are equally important, with organizations like the Texas Blockchain Council and Polkadot actively educating lawmakers about Web3 technology. Education is key to ensuring that lawmakers are equipped to craft informed and innovative policy for the evolving crypto space.

Challenges and the road ahead

Despite significant progress, educating lawmakers about blockchain and overcoming misinformation remain challenges. Many policymakers still associate cryptocurrency with illicit activities, making it crucial for grassroots organizations to continue their work in demystifying the technology and its benefits.

SWC plans to expand its efforts with college chapters and further educational initiatives to ensure that the next generation of lawmakers understands the importance of blockchain and decentralized finance. With these efforts, the grassroots crypto movement is poised to continue influencing U.S. legislation in the coming years.