Coinbase Global Inc (COIN)

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USD transfers now available in Singapore

Tl;Dr: Retail customers in Singapore can now transfer United States Dollars (USD) to and from their Coinbase accounts using the SWIFT network, easily gaining access to USDC and the broader crypto ecosystem.

By Hassan Ahmed Internationa, December 18, 2023

https://www.coinbase.com/blog/usd-transfers-now-available-in-singapore

Crypto industry donates over $78 million to elect pro-innovation candidates in 2024

TL;DR: With over $78 million already raised in Q4, crypto’s potential to help update the financial system and give everyday Americans a fair shake hinges on the election of candidates and the enactment of policies that support responsible, fair rules. Just 9% of Americans are satisfied with the current system. The crypto industry has raised over $78 million – as a start – to support the 52 million Americans who own digital assets and want a fair shake at the American Dream.

The future of cryptocurrency in the US hinges on the election of candidates and the enactment of policies that support responsible, fair rules for crypto – especially as a check on appointed regulators who have taken a regulation by enforcement approach. This approach withholds regulatory clarity at the expense of everyday Americans and drives jobs, economic activity, and innovation offshore.

Given the stakes, crypto’s superpower of grassroots support will now be amplified through significant spending. Fairshake Super PAC and its affiliates representing the nation’s crypto community, have raised over $78 million – and counting – from 20 companies and leading industry voices to support bipartisan, crypto-forward candidates in 2024. That’s over $78 million to support the 52 million Americans who own digital assets and want a fair shake at the American Dream.

The donation has been made possible by the following crypto companies and individuals, among others, who are committed to crypto's responsible growth:

Andreessen Horowitz

Ark

Brian Armstrong

Blockchain Capital

Wences Casares

Circle

Coinbase

Ron Conway

Cumberland

Framework Ventures

Hunter Horsley

Jump Crypto

Kraken

Lightspark

Messari

Multicoin Capital

Paradigm

Potter Ventures

Ripple

Fred Wilson

To support Fairshake and help this number grow, please donate at https://www.fairshakepac.com/.

Standing with crypto in 2024

No matter how open and transparent, super PACs alone won’t be enough to bring about the change the crypto community needs to see. In democratic countries, the people who show up to vote and advocate provide the passion and energy a forceful movement needs. Stand with Crypto, a grassroots movement we’ve been proud to support, is working to sign up 1 million members in time for a powerful show of force in support of fair and responsible policies ahead of the 2024 elections. Just four months since launch, 215,000 advocates have signed up – more than 20% of the way toward its goal.

Please join Stand with Crypto today, and share a link to Stand with Crypto on social media, in your apps, and with your customers.

The stakes in 2024

The 2024 elections will be the most consequential in crypto’s history, setting up a clear choice between candidates who see the need to update the financial system, especially for up-and-coming generations, and candidates who stand with the legacy institutions that are too slow, exclusive, and expensive to use:

Only 9% of all Americans are satisfied with the financial system.

This new ad illustrating the limits of the current system went viral upon launch, receiving more than 13 million organic views across X, TikTok and Instagram, including 5 million in the first 48 hours.

Among Americans currently aged 18-40, only 7% feel the financial system works well for people like them.

These younger Americans make up about 40% of all eligible voters today and will be a majority by 2028.

More than half of them (52%) participate in the current financial system only sometimes or not at all.

Few of them – just 19% of Millennials and 9% of Gen Z adults – feel the American Dream is achievable.

And half (51%) are likely to throw their weight behind crypto-friendly candidates in 2024. As younger generations become more pressured financially and more disillusioned by the system, they’re also becoming more empowered by technology and emboldened by their influence to do something about it.

Let's stand together, mobilize for change, and ensure that the crypto community's voice resonates throughout the country and in Washington in 2024:

Show up at town halls: Attend local town hall meetings to voice your opinions on why crypto matters to you. Personal stories and experiences can have a powerful impact on lawmakers.

Contact your representatives: Reach out to your Senators and members of Congress. Help them understand the importance of crafting clear and sensible crypto regulations in the US.

Vote wisely: Use your voting power to reject candidates for Congress who are unsupportive of crypto, which is just as important as voting for those who are fighting for smart crypto regulation.

Donate to crypto-friendly organizations: Support organizations that promote pro-innovation candidates for Congress and that advocate for fair and responsible crypto policies. Every donation, no matter how small, strengthens those who are ready to stand up for the crypto community. To join the fight, donate to these efforts today at https://www.fairshakepac.com/ or https://www.standwithcrypto.org/.

https://www.coinbase.com/blog/crypto-industry-donates-over-usd78-million-to-elect-pro-innovation