Coinbase CEO Brian Armstrong, however, was hopeful about the future of digital assets, calling the results a big win for crypto and economic freedom. Former President Donald Trump’s election win could propel crypto adoption, according to Armstrong. Trump’s policies, he believes, will probably lead to a more supportive regulatory regime which fosters innovation while protecting consumers. Armstrong shared in a post on X:
“No matter how you slice it, this election was a huge win for crypto.”
Armstrong also pointed to the wider pro crypto momentum as he also celebrated the broader net of candidates who were elected to the House of Representatives with support for digital assets. This shows a favorable shift in Washington, and hopefully that will lead to a better legislated landscape in the future.
Brian Armstrong Criticizes Elizabeth Warren and Gary Gensler for Anti-Crypto Stance
The victory of Republican Bernie Moreno over incumbent Senator Sherrod Brown in Ohio in one of the election’s standout moments for the crypto community. Often sceptical of digital currencies, Brown had long been seen as the most anti-crypto senator. Moreno’s win was a ‘huge step forward’ and a clear leap in the political dynamics around crypto, said Armstrong.
Armstrong criticized Senator Elizabeth Warren and SEC Chair Gary Gensler, stating they “tried for years to unlawfully kill our industry” and should “take their share of responsibility for the loss of their party.”
Following the election, Armstrong highlighted Coinbase’s dedication to backing good crypto laws. In highlighting the need for a balanced regulation framework which will protect consumers but allow the industry future to bloom, he brought this point forward. Speaking of crypto’s long term viability and of the industry rooting itself more firmly in the U.S., Armstrong is confident that ‘Crypto is here to stay from a policy perspective,’ and seemed optimistic.
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Armstrong, however, looked ahead to strategic business initiatives to further bolster crypto advocacy. Fairshake, a political advocacy organization for pro-crypto policy, has secured additional financial support from Coinbase and venture capital firm Andreessen Horowitz (A16Z). The industry is contributing proactively toward determining how the legislative environment of the future will play out with $78 million in funding allocated to fairshake for the 2026 midterm elections.
Coinbase’s StandWithCrypto Expands Internationally to Boost Crypto Advocacy
In addition, Coinbase’s early December StandWithCrypto initiative has propelled itself into a major advocacy group with 1.9 million supporters. It wants to double its membership to 4 million by the 2026 midterms as it expands its reach internationally. “It’s really about energy and building grassroots out there and having folks understand that crypto needs to continue to be adopted and backed by policy,” Armstrong remarked.
It follows a tough few years for the crypto industry which has been challenged by various regulatory hurdles. Will the trade in legal tokens encounter similar turbulence as the past with suits over major exchanges and undue worry around investor protection? The recent election results however indicate that lawmakers are growing towards understanding of the use of blockchain technology to build on economic growth and financial sustainability.
The growing political support, he said, ‘will ultimately give us a stable, conducive environment to do business and enjoy crypto.’ It’s a pivotal moment for the industry, he said. There’s a clear alignment between innovation, economic freedom and policy development.
With the crypto sector rapidly expanding, the election results provide a shot of hope for the future of crypto within the United States. As the political backing for cryptocurrency has grown, so have robust advocacy efforts and building public support, the path forward for cryptocurrency has never been more promising.
Conclusion
Now, with the election behind it, the crypto sector remains optimistic for the future of crypto in the United States. Cryptocurrency’s future should only look brighter with increasingly stronger political backing, proactive advocacy and growing public support, a crossroads moment for the industry’s eventual growth and good health.
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