**Crypto Education Key to Better Laws, Says Coinbase Security Chief**

Coinbase is on a mission to educate both the public and lawmakers about cryptocurrency, aiming to dispel myths linking crypto to illicit finance. Speaking at the Ripple Swell conference, Coinbase's Chief Security Officer Phillip Martin emphasized that informed lawmakers make better decisions, while a lack of education can lead to restrictive laws that stifle innovation.

Martin highlighted Coinbase's efforts to inform U.S. lawmakers about the robust consumer protection and security measures in place to combat illicit activities in the crypto space. He pointed out that only 0.34% of crypto transactions are illicit, compared to 33% of cash transactions used for criminal activities.

Martin also noted that the transparency of blockchain technology allows for better tracking of transactions, a level of visibility that is "impossible" in traditional finance. With upcoming U.S. elections, Martin is hopeful for a more crypto-friendly administration, noting a shift in the Democratic party's stance towards a fairer financial system.