A Coinbase executive has urged regulators to establish reasonable crypto regulations while announcing the Stand With Crypto event happening in over 500 locations globally. What to know: — Coinbase asserts it is not worried about the escalating competition from conventional financial entities, claiming that the grassroots support for crypto cannot be mimicked by Wall Street. — Stand With Crypto, which Coinbase describes as the largest crypto-advocacy organization in the world, boasts 3.7 million members who have reached out to lawmakers more than 2.5 million times, despite a recent Decryptnews survey revealing that only 1% of U.S. voters consider crypto their primary concern. — Coinbase executives emphasize that the global Stand With Crypto events on Bitcoin Pizza Day highlight that «crypto voters» represent a sustained political influence and that governments must swiftly adopt reasonable, coordinated regulations. Coinbase is completely untroubled by the rising competition from Wall Street behemoths or other traditional financial entities, the head of Policy for Europe at the crypto exchange told Decryptnews on Friday. «We have consistently stated that a rising tide lifts all ships,» said Katie Harries, noting that Coinbase is «not at all» anxious about the growing engagement of financial institutions in the United States and worldwide in crypto. The firm recently reported a loss of $1.49 per share, contrasting with analyst predictions for a $0.27 profit. Additionally, during the first week of May, Coinbase announced a 14% reduction in its workforce. In a brief written interview regarding the Stand With Crypto (SWC) events on Friday, Harries stated that the mobilization of individuals globally indicates that the established crypto industry has a community backing it that no traditional financial institution can duplicate. «Millions of individuals around the world have opted for crypto because they believe in what it stands for: open, accessible, peer-to-peer finance,» Harries said. «The people gathered today in London, Paris, New York, Sao Paulo, and beyond are not present because a financial institution prompted them to be. They are here because they believe in this technology and desire their governments to support it.» ‘Voters do care about crypto’ Harries also addressed the American voter. While U.S. citizens may not prioritize crypto as they approach the November midterm elections, voters are indeed concerned about digital assets and have reached out to their lawmakers millions of times to express their views, Harries noted. «Voters do care, and the statistics clearly indicate that,» Harries stated, countering recent remarks by senators suggesting otherwise. «Stand With Crypto has more than 3.7 million advocates across six markets. Its members have contacted their lawmakers over 2.5 million times.» The Coinbase executive further remarked that this signals «the crypto voter is a permanent element in the political landscape, not just in the United States but globally. Policymakers who have hesitated to engage with this community should take heed.» A Decryptnews survey of 1,000 randomly selected U.S. voters revealed that just 1% ranked crypto as their top concern. The survey included an equal split between Republican and Democrat respondents (41% of respondents identified with each party to some extent), with a credibility interval of plus or minus 3.53%. ‘Time for sensible regulation is now’ Harries urged regulators around the globe to adopt sensible crypto frameworks, asserting that the moment to act is now. «The opportunity to shape reasonable crypto regulation is available, and the individuals gathering at the events on Friday are observing.» SWC is, according to Coinbase, the world’s largest crypto-advocacy organization with over 3.7 million members internationally. Harries’ comments come as SWC organizes 500 events across four continents and six markets, including the United States, United Kingdom, Canada, Australia, Brazil, and the European Union. The events align with Bitcoin Pizza Day, as stated by Coinbase in a release shared with Decryptnews. During the worldwide event, a livestream will feature discussions on ecosystem and policy advancements globally. Coinbase’s announcement notes that the event occurs at a pivotal time for crypto as market structure legislation progresses through the U.S. Congress. Faryar Shirzad, Chief Policy Officer at Coinbase, a Stand With Crypto partner, mentioned that this Friday, the rally «demonstrates that the crypto voter is a global phenomenon. People around the world seek the freedom to exchange value peer-to-peer, and they want their governments to facilitate that reality. This desire for financial advancement is not limited to any single nation.» Shirzad also stated that «getting crypto regulation right is one of the most significant policy challenges of our era, and it necessitates a global effort, not merely action in Washington.» Bitcoin Pizza Day has become a moment of celebration for millions of crypto enthusiasts, commemorating the first real-world bitcoin transaction. On May 22, 2010, Laszlo Hanyecz exchanged 10,000 BTC for two pizzas. That bitcoin is currently valued at approximately over $770 million.