Coinbase is actively educating the public and lawmakers to prevent "bad laws" from being created due to misconceptions about cryptocurrency and its connection to illicit finance.

- Philip Martin, Coinbase's chief security officer, said that "educated legislators make much better decisions."

- Coinbase is helping US lawmakers understand consumer protection and security measures in the crypto industry.

- Martin noted that cryptocurrency is not the "king of illicit finance," as is often claimed.

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- According to Coinbase, illicit transactions account for just 0.34% of cryptocurrency transactions, while cash is used by criminals and tax evaders in 33% of cases.

- Martin expressed cautious optimism about a more "friendly attitude" towards the crypto industry after the US elections.