Key Takeaways
Coinbase CEO Brian Armstrong sees Trump’s win as a big enhance for crypto and financial freedom.
257 pro-crypto candidates had been elected to the Home of Representatives within the latest election.
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Coinbase CEO Brian Armstrong, celebrated the election outcomes as a big win for crypto and financial freedom, pointing to key developments that mirror a surge in political backing for digital property.
https://t.co/XyNlxPOObH
— Brian Armstrong (@brian_armstrong) November 6, 2024
“Irrespective of the way you slice it, this election was an enormous win for crypto,” Armstrong wrote in a submit on X.
The election noticed crypto supporter Bernie Moreno defeat Sherrod Brown in Ohio, whom Armstrong described as “one of the vital anti-crypto senators on the market.”
Moreover, 257 pro-crypto candidates had been elected to the Home of Representatives throughout each events.
Armstrong criticized Senator Elizabeth Warren and SEC Chair Gary Gensler, stating they “tried for years to unlawfully kill our trade” and will “take their share of duty for the lack of their social gathering.”
Trying forward, Coinbase and enterprise agency A16Z have supplied extra funding to Fairshake, which now has $78 million allotted for the 2026 midterms.
The StandWithCrypto advocacy group, at the moment with 1.9 million supporters, goals to achieve 4 million advocates by 2026 and increase internationally.
Armstrong reaffirmed that crypto is right here to remain from a coverage perspective, emphasizing Coinbase’s dedication to advocating for smart laws that can shield each shoppers and the trade from future regulatory challenges.
He expressed confidence that the crypto trade will proceed to develop and set up its roots firmly within the US.
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