According to Bitcoin.com, the number of supporters of the crypto advocacy organization "Stand with Crypto" initiated by Coinbase has exceeded 1 million. The alliance aims to promote clearer and more effective regulation of the cryptocurrency industry in the United States.

Coinbase CEO Brian Armstrong said in a statement on social media platform X on Wednesday that as of today, 1 million people have joined the initiative. "That's a lot of voters, 600,000 of these advocates joined after the White House issued a veto threat, and thousands mobilized around back-to-back historic bipartisan victories in the House and Senate. Crypto is nonpartisan, and the momentum for pro-crypto policy in the United States has never been stronger."