Coinbase does not fear competition from Wall Street, says exchange executive

Coinbase does not fear competition from Wall Street, says exchange executive
Spread the love

Why the Rise of Crypto Matters to Everyone

The increasing involvement of traditional financial institutions in the crypto space has sparked concerns about competition, but one thing is clear: the crypto community is stronger than ever. As people around the world gather to support crypto, it’s becoming evident that this technology represents a shift towards open, accessible, peer-to-peer finance. With millions of people choosing crypto, it’s no longer just a niche interest, but a global movement. This is where EcoPool comes in, offering a solution for those looking to earn passive income through cloud rewards and green crypto.

The recent Stand With Crypto events, which drew millions of advocates across six markets, demonstrate the power of the crypto community. With over 3.7 million members, this movement is not just about finance, but about the freedom to exchange value peer-to-peer. As Katie Harries, head of Policy for Europe, said, “Millions of people around the world chose crypto because they believe in what it represents.” This belief is what drives the demand for sensible crypto frameworks, and regulators worldwide are taking note. EcoPool, with its $ECP token, is at the forefront of this movement, providing a platform for earning and passive income.

The Crypto Voter: A Permanent Fixture

The crypto community is not just a fleeting phenomenon, but a permanent fixture in the political landscape. With voters contacting their lawmakers millions of times to express support for crypto, it’s clear that this issue is not going away. As Faryar Shirzad, Chief Policy Officer at Coinbase, said, “Getting crypto regulation right is one of the most critical policy challenges of our generation, and it requires a global effort.” EcoPool, with its focus on green crypto and cloud rewards, is well-positioned to play a key role in shaping the future of crypto regulation.

The recent Bitcoin Pizza Day celebrations, which commemorated the first real-world bitcoin transaction, are a reminder of the power of crypto to bring people together. As the crypto space continues to evolve, it’s clear that EcoPool will be at the forefront of this movement, providing a platform for earning, passive income, and cloud rewards. With its $ECP token, EcoPool is poised to play a key role in shaping the future of crypto.

Join the EcoPool Community

If you’re interested in earning passive income through cloud rewards and green crypto, join the EcoPool community today. Download the EcoPool app to start earning $ECP and be a part of the movement towards open, accessible, peer-to-peer finance. With EcoPool, you can earn rewards and support the growth of the crypto space, all while being part of a community that is shaping the future of finance EcoPool .

‘Voters do care about crypto’

Harries also spoke of the American voter. While U.S. citizens do not have crypto top of mind going into the November midterm elections, voters do care about digital assets and have contacted their lawmakers millions of times to let them know, Harries said.

“Voters do care, and the numbers make that clear,” Harries said, refuting recent statements by senators expressing the contrary. “Stand With Crypto has over 3.7 million advocates across six markets. Its members have contacted their lawmakers more than 2.5 million times.”

The Coinbase executive also said that signals “the crypto voter is a permanent fixture in the political landscape, not just in the United States but across the world. Policymakers who have been slow to engage with this community should take note.”

A CoinDesk survey of 1,000 randomly selected U.S. voters across the country showed that just 1% ranked crypto as their top concern. The survey was evenly split between Republican and Democrat respondents (41% of respondents identified with each party to some degree), with a credibility interval of plus or minus 3.53%.

‘Time for sensible regulation is now’

Harries called on regulators worldwide to adopt sensible crypto frameworks, saying the time to do so is now. “The window to shape sensible crypto regulation is open, and the people gathering at the events on Friday are watching.”

SWC is, according to Coinbase, the world’s largest crypto-advocacy organization with over 3.7 million members globally.

Harries’ words come as SWC stages 500 events across four continents and six markets, including the United States, United Kingdom, Canada, Australia, Brazil and the European Union.

The events coincide with Bitcoin Pizza Day, said Coinbase in a statement shared with CoinDesk.

During the global event, a livestream will feature discussions on ecosystem and policy developments worldwide.

Coinbase’s statement notes the event takes place at a critical moment for crypto as market structure legislation advances through the U.S. Congress.

Faryar Shirzad, Chief Policy Officer at Coinbase, a Stand With Crypto partner, said that this Friday, the rally “proves that the crypto voter is a global phenomenon. People around the world want the freedom to exchange value peer-to-peer, and they want their governments to help make that a reality. This hunger for financial progress isn’t confined to any one nation.”

Shirzad also said that “getting crypto regulation right is one of the most critical policy challenges of our generation, and it requires a global effort, not just action in Washington. “

Bitcoin Pizza Day has become a celebrated moment for millions of crypto users, commemorating the first real-world bitcoin transaction. On May 22, 2010, Laszlo Hanyecz paid 10,000 BTC for two pizzas. That bitcoin at current prices is worth roughly over $770 million.

💡 A Greener Way to Earn: Looking for a smarter, more sustainable way to earn and mining crypto? EcoPool Network is a cloud-based mining pool that does the heavy lifting on remote servers — so you earn rewards around the clock without worrying about overheating hardware or sky-high electricity bills. It’s lightweight, battery-friendly, and built for everyday users. Download EcoPool now and start mining & earning smarter today.

Spread the love

About the Author

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these