Stand With Crypto initiative launches in Australia

The cryptocurrency advocacy group Stand With Crypto has launched its activities in Australia, aiming to promote regulatory transparency and a policy environment favorable to digital assets.

The goal is to attract political attention to the importance of blockchain and its potential across various industries.

The importance of a positive image for cryptocurrencies

Coinbase's Vice President of International Policy noted that the new branch of Stand With Crypto is focused on supporting "sensible" regulation that fosters the development of the crypto industry in Australia. Gordon emphasized that a key priority is changing public perception of digital assets so they are not solely associated with fraud.

According to him, a synergy between grassroots support and advocacy aimed at policymakers could significantly boost the popularity of cryptocurrencies.

Political support for the crypto sector in Australia

A member of Australia’s House of Representatives stated that the crypto industry can count on the support of the Liberal Party in the 2025 federal elections.

The Liberal Party will actively back the industry, working in a bipartisan format. The Managing Director of Coinbase Australia added that Stand With Crypto will assist in crafting sensible policies to retain talent and promote regulatory clarity in Australia.

The lack of transparent rules continues to pose challenges for the development of the national crypto sector.