Coinbase CEO Brian Armstrong and the company itself are heavily involved in political activities in Washington, D.C. As the SEC takes Coinbase to court over allegations of selling unregistered securities, Armstrong is seeking support from Congress to establish rules that will benefit the crypto industry. Coinbase has donated significant amounts of money to PACs and political candidates who support pro-crypto policies. The company has also launched the Stand With Crypto Alliance, which grades politicians based on their crypto-friendliness. Additionally, Coinbase is mobilizing its community of 1.4 million members to register as voters and has organized a nationwide bus tour through key battleground states. Other crypto companies, including Ripple Labs, are also spending significant amounts of money on political activities. Coinbase's influence in Washington is growing, and Armstrong is confident in the power of the crypto voter in the upcoming election. However, Coinbase is facing challenges in the market, with falling market share and disappointing earnings.



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