Armstrong highlights election as a turning point for crypto enhance.
Key Takeaways
- Coinbase CEO Brian Armstrong sees Trump’s win as a indispensable boost for crypto and financial freedom.
- 257 pro-crypto candidates were elected to the House of Representatives within the present election.
Coinbase CEO Brian Armstrong, considerable the election results as a indispensable win for crypto and financial freedom, pointing to key developments that reflect a surge in political backing for digital assets.
https://t.co/XyNlxPOObH
— Brian Armstrong (@brian_armstrong) November 6, 2024
“No matter how you slice it, this election used to be a wide win for crypto,” Armstrong wrote in a put up on X.
The election seen crypto supporter Bernie Moreno defeat Sherrod Brown in Ohio, whom Armstrong described as “one in all the most anti-crypto senators accessible.”
Moreover, 257 pro-crypto candidates were elected to the House of Representatives across each and each parties.
Armstrong criticized Senator Elizabeth Warren and SEC Chair Gary Gensler, declaring they “tried for years to unlawfully rupture our exchange” and will “take their share of accountability for the inability of their event.”
Taking a watch ahead, Coinbase and project company A16Z have offered additional funding to Fairshake, which now has $78 million allocated for the 2026 midterms.
The StandWithCrypto advocacy neighborhood, for the time being with 1.9 million supporters, objectives to reach 4 million advocates by 2026 and develop internationally.
Armstrong reaffirmed that crypto is here to remain from a coverage point of view, emphasizing Coinbase’s dedication to advocating for shimmering legislation that will offer protection to each and each patrons and the exchange from future regulatory challenges.
He expressed self assurance that the crypto exchange will continue to grow and establish its roots firmly within the US.
