Brian Armstrong, chief executive of the US cryptocurrency exchange Coinbase, once again called on encrypted customers to be "encrypted candidates for online voting".

In the Twitter space exchange on March 23, Armstrong said that Coinbase will strive to turn about 50 million of American and Chinese citizens who use passwords into a political force. Before the announcement, the Securities and Exchange Commission issued a Wells Fargo notice to the password trading center, hinting that enforcement action was likely.

"what we need to do is gradually release the content so that people can consult his House of Representatives and donate to candidates who apply encryption," the Coinbase chief executive said. "you show up in the Houses of Parliament and spread your reputation." "We will campaign for encrypted candidates in this country to ensure our own success."

Armstrong called for action, the latest move by the Coinbase chief executive, reflecting a change in her position in combining business services with the economy. In September 2020, he wrote an online article declaring that this communication should not promote all special jobs or candidates that have nothing to do with our mission, as it decentralizes our mission at this time.

Since his post in 2020 and its IPO in April 2021, Coinbase executives have announced more participation in American politics and metallurgy. Armstrong has already met with US lawmakers and regulators, and Fadinar Verzad, the top current policy officer, announced the creation of a voter registration portal in August 2022. In February, Coinbase called on its clients to "promote encryption policies in all 435 Congressional ps districts across the United States." Runs with the Crypto435 activity.

If you think that about 20% of Americans have login passwords, [...] Karl Calvert, the current U.S. policy officer at Coinbase, shows that these people are really concerned about this kind of election, and if they participate in online voting, they can actually make the most of it.

Although Wells Fargo issued the notice, it is not clear whether SEC is prepared to take enforcement action against Coinbase. Wade Greval, Coinbase's chief legal officer, said Coinbase was "not told" about the property or services that SEC is likely to have. On Twitter, Armstrong once again called on viewers to apply letters of help submitted to financial regulators, saying bets did not meet the safety requirements of his application for enforcement.

Sheila Warren, chief executive of the encryption Association for Independent Innovation, told Cointelegraph: "the United States has spent a lot of resources and intelligence trying to get in touch with the SEC to create substantial objects and methods from the ghost-like comments published by the agency." "do we really want an institution in the United States to set an innovative detailed trajectory for the whole country? Especially if the agency refuses to touch the area of regulation it is trying to regulate? "

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