Coinbase CEO Hails U.S. Election as Cryptos Huge Win
- Coinbase CEO Brian Armstrong clbrts U.S. lction, citing rcord pro-crypto cndidts in Congrss.
- Armstrong criticizs formr officils, ccusing thm of undrmining th crypto industrys growth nd progrss.
- Coinbase-bckd PAC Firshk scurs $78 million for th 2026 lction cycl to support crypto policis.
Th rcnt U.S. lction hs sprkd wv of optimism within th cryptocurrncy industry. Coinbase CEO Brian Armstrong, in rcnt X post, dclrd th outcom huge win for crypto, citing th lction of rcord numbr of pro-crypto cndidts to th Hous of Rprsnttivs.
With n stimtd 257 pro-crypto rprsnttivs lctd to th Hous, th incoming Congrss is poisd to b th most crypto-frindly in history, ccording to Armstrong. H mphsizd th biprtisn ntur of this support, highlighting victoris for pro-crypto cndidts cross prty lins.
Notbly, Armstrong voicd strong criticism of th prvious dministrtion, spcificlly Sntor Elizbth Wrrn nd SEC Chir Gry Gnslr, ccusing thm of ttmpting to unlwfully kill th crypto industry. H furthr ssrtd tht both individuls should tk thir shr of rsponsibility for th loss of thir prty (long with Bidn nd Hrris for ltting thm run muck).
Armstrong rvld tht Coinbase, long with its dvoccy groups, focusd on bcking cndidts who prioritiz tchnologicl innovtion nd conomic frdom. This strtgy, coupld with th mssg of conomic mpowrmnt rsonting with votrs, lys th groundwork for potntil biprtisn support for futur crypto-rltd lgisltion.
Coinbases Support for Crypto Initiatives
Looking beyond th rcnt lction, Armstrong undrscord th continud importnc of dvoccy through Firshk, pro-crypto politicl ction committ (PAC) prtly fundd by Coinbase. Firshk hs lrdy scurd significnt $78 million for th 2026 lction cycl, furthr bolstrd by n dditionl $25 million commitmnt from Coinbase. This substntil finncil bcking rflcts th industrys long-trm gol of chiving stbl rgultory lndscp for digitl ssts.
Anothr inititiv, StndWithCrypto, similrly plns to xpnd its rch, iming to incrs its mmbrship bs to 4 million by 2026. Ths ongoing efforts dmonstrt th industrys ddiction to scuring fvorbl policis nd rgultions.
Howvr, rcntly in sprt post, Armstrong ddrssd concrns risd on socil mdi, clrifying tht Coinbase dos not chrg projcts prmium listing fs. This sttmnt imd to displ spcultion rgrding unfir prctics on th xchngs pltform. Additionally, h cknowldgd th rol of dcntrlizd xchngs s ltrntiv pltforms for projcts sking listing opportunitis. This cknowldgmnt highlights Coinbases commitmnt to fostring divrs nd comptitiv nvironmnt within th cryptocurrncy cosystm.
Related Readings | Coinbase Tumbles 15% After Earnings Miss, But Traders Remain Bullish
Read more: https://www.tronweekly.com/coinbase-ceo-hails-u-s-election-as-cryptos-win/
Text source: TronWeekly
