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Coinbase CEO Brian Armstrong heralded the recent election outcomes as a monumental victory for the cryptocurrency sector and economic liberty. Following the election, which saw the victory of 257 pro-crypto candidates in the House and notable crypto supporter Bernie Moreno in Ohio, Armstrong emphasized the growing political support for digital assets. He specifically noted the defeat of anti-crypto Senator Sherrod Brown as pivotal.
Armstrong criticized figures like Senator Elizabeth Warren and SEC Chair Gary Gensler for their efforts against the crypto industry, accusing them of attempting to stifle its growth. With a fortified pro-crypto presence in politics, Armstrong expressed optimism about overcoming regulatory challenges and pushing for sensible legislation that protects consumers.
Looking to the future, Armstrong revealed that Coinbase and venture firm A16Z have increased funding for Fairshake, aiming to bolster the StandWithCrypto advocacy group’s reach to 4 million by 2026. He reassured supporters that cryptocurrency has secured its place in U.S. policy and is poised for continued expansion and integration into the mainstream.
