Coinbase CEO pledges to continue his financial support for crypto advocacy group post US presidential election
Brian Armstrong confirmed that he will remain committed to his support for the crypto advocacy group and also said that the US population will get a new president who will be highly Bitcoin-friendly.
Brian Armstrong is the co-founder and CEO of the popular crypto exchange Coinbase. Coinbase provides almost every kind of crypto service to retail as well as institutional customers. The services of this exchange are available in almost every country.
On 31 Oct 2024, Coinbase CEO Brian Armstrong stated that with U.S. election results anticipated in six days, the upcoming Congress is likely to be the most supportive of cryptocurrency to date. Despite this optimistic outlook, Armstrong confirmed that Coinbase will maintain its advocacy momentum after the election. He announced Coinbase’s commitment of an additional $25 million to the Fairshake PAC, aimed at electing pro-crypto candidates by the 2026 midterms.
Coinbase is also backing the Stand with Crypto initiative in its goal of reaching 4 million advocates by 2026.
Armstrong highlighted that crypto voters already represent a substantial force, one that will only grow. He emphasised that Coinbase will continue to advocate for its customers’ rights and work towards sensible crypto legislation across major global markets.
Armstrong’s latest statement regarding the US presidential election and his future plans to push support for the crypto advocacy group hints that he is partially optimistic about the future of crypto in US jurisdiction.
However, both top US presidential candidates, Kamala Harris and Donald Trump, are pro-crypto, but the majority of crypto advocates support Trump as the best choice for the presidency.
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