Coinbase launches nonprofit to advance crypto legislation

The Stand With Crypto Alliance will prioritize supporting and advancing legislation in the US that supports the industry and investors

article-image

Bekir Vahit Telli/Shutterstock modified by Blockworks

share

Cryptocurrency exchange Coinbase is launching a nonprofit organization to advance pro-crypto policy around the world. 

The Stand With Crypto Alliance will prioritize supporting and advancing legislation in the US that promotes access and innovation within the industry. The Alliance is a 501(c)(4) organization under the Internal Revenue Service, meaning it is an exempt social welfare group. 

The current discussion around crypto policy is in Washington DC between centralized players and other big groups, Kara Calvert, Coinbase’s head of US policy, said Monday during a Twitter Spaces event. But the Stand With Crypto Alliance hopes to bring new voices into the picture. 

“[The Alliance] completely embodies exactly what the crypto industry is all about,” Calvert said. “It’s all about decentralized efforts, decentralized power, decentralized access, and that’s I think really what this Stand With Crypto movement is about.” 

The announcement that a nonprofit organization will be created comes shortly after the exchange hosted its inaugural “stand with crypto” town hall in New York City. The event featured a panel discussion with local-level and federal lawmakers and advisors from New York, an effort Coinbase said would help advance conversations between the industry and government.  

“This is a grassroots, organic bottom-up effort, and we’re really excited that we can spin this out into its own organization,” Calvert said. “It can provide a lot of tools to people, they can learn about the members of Congress, they can access a scorecard, they can access a legislative action portal…it will really give them the tools that they need to engage with their members of Congress.” 

Coinbase is one exchange of several currently facing charges from the Securities and Exchange Commission over alleged broker and clearing violations. Last week several groups and individuals, including US Senator Cynthia Lummis, R-Wyo, and top US law scholars from institutions including Yale and UCLA weighed in via an outpouring of amicus briefs filed with the court. 

“Grateful for the support from so many outstanding groups and individuals who understand that the rule of law, fair process and our national security are at stake,” Coinbase chief policy officer Faryar Shirzad wrote in a tweet last week in response to the briefs. 

Those looking to join the Stand With Crypto Alliance can sign up now through Coinbase. Advocates are encouraged to contact legislators and donate to the cause.


Get the news in your inbox. Explore Blockworks newsletters:

  • Blockworks Daily: The newsletter that helps thousands of investors understand crypto and the markets, by Byron Gilliam.
  • Empire: Start your morning with the top news and analysis to inform your day in crypto.
  • Forward Guidance: Reporting and analysis on the growing intersection of crypto and macroeconomics, policy and finance.
  • 0xResearch: Alpha directly in your inbox. Market highlights, data, degen trade ideas, governance updates, token performance and more.
  • Lightspeed: Built for Solana investors, developers and community members. The latest from one of crypto’s hottest networks.
  • The Drop: For crypto collectors and traders, covering apps, games, memes and more.
  • Supply Shock: Tracking Bitcoin’s rise from internet plaything worth less than a penny to global phenomenon disrupting money as we know it.
Tags

Upcoming Events

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates.jpg

Research

Bluefin possibly stands at an inflection point. The token is near an all-time low yet the protocol’s spot volume market share and derivatives exchange usage have been increasing month over month since its November launch. Given its current market position and the upcoming upgrades (for both Bluefin and SUI), there may be upside potential before the increased supply growth in December. However, strong opposition from existing competitors (like Cetus and Suilend), as well as new entrants (like Aftermath), pose key challenges to Bluefin’s medium-term success.

article-image

Top Committee Democrat Sen. Elizabeth Warren in her opening statement accused Atkins of “helping billionaire CEOs like Sam Bankman-Fried”

article-image

Introducing garbled circuits for enhanced privacy and regulatory compliance

article-image

Ross Ulbricht was a freedom maximalist building freedom tech, powered by Bitcoin

article-image

Solana validators can reap benefits including payments, votes and community clout

article-image

Sponsored

WalletConnect is cementing itself as the essential connectivity layer, ensuring wallets remain the entry point for billions of users

article-image

According to a legal filing, Galaxy Digital helped boost the price of LUNA while quietly selling its tokens