U.S. crypto advocacy group tops 1 million members after Biden veto

Stand with Crypto, an advocacy organization for voters who own cryptocurrencies, saw its membership surpass 1 million on Wednesday, as crypto backers push politicians to create a new regulatory framework for the digital asset industry while averting more onerous compliance requirements.

Brian Armstrong, chief executive of Coinbase, an online platform for buying and selling crypto that helped launch Stand With Crypto last August, said the group’s rapid growth showed the potential voting power of cryptocurrency users.

“It’s a much bigger voting bloc than most people probably would have anticipated,” Armstrong told Reuters.

Source: U.S. crypto advocacy group tops 1 million members after Biden veto