Coinbase CEO Brian Armstrong is celebrating a big win for the crypto industry following the US elections. He believes the results signal a shift towards a more crypto-friendly government.
A New Era for Crypto?
Armstrong claims that voters rejected the negative stance taken by figures like Senator Elizabeth Warren and SEC Chair Gary Gensler, who have been critical of the crypto industry. He believes the new Congress will be the most pro-crypto ever, with 257 pro-crypto candidates elected to the House of Representatives.
Stand With Crypto: A Powerful Force
The Coinbase-backed advocacy group, Stand With Crypto, played a significant role in this victory. They claim to have helped elect 267 pro-crypto candidates in the House and 18 in the Senate. They also gave President-elect Donald Trump an “A” rating for his strong support of digital assets.
The Fight Isn’t Over
While Armstrong is optimistic, he acknowledges that the fight for crypto regulation is far from over. He emphasizes the need for sensible legislation that protects both consumers and the industry.
Looking Ahead to 2026
Coinbase and Andreessen Horowitz have invested in Fairshake, a group dedicated to influencing policy. They are aiming to have $78 million to spend in the 2026 midterm elections. Stand With Crypto is also setting a goal of reaching 4 million advocates by 2026.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Always do your own research before making any investment decisions.
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