Brian Armstrong predicts that the US election will support Crypto laws

Coinbase CEO Brian Armstrong predicted a major political shift toward pro-crypto regulations following the US midterm elections.

According to Armstrong, a more “pro-crito Congress” could emerge regardless of the election's outcome.

Brian Armstrong predicts a pro-crypto congress

Coinbase's executive attributes the expectation in part to the exchange's massive contributions to crypto advocacy. With that, Armstrong announced an additional $25 million donation to Fairshack's Super Political Action Committee (PAC). The donation will support pro-Creto candidates nationwide and will add to a similar donation pool in June.

“Today I'm announcing that Coinbase is giving another $25 million to support the Fairshack PAC, which will be used to elect pro-crypto candidates through the 2026 midterms,” ​​Armstrong shared on X.

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This commitment reflects the growing political influence of the cryptocurrency sector. It comes as Fairshack plans to deploy a total of $160 million to support pro-crypto representatives by 2026. Coinbase's latest contribution builds on yet another significant funding boost for pro-crypto contenders. These include Ripple and venture capital firm a16z, among others, who have donated to Fairshack.

Leap Crypto, another major player in the digital asset space, recently contributed $10 million to Fairshack. It will increase the collaborative effort between crypto companies to influence US policy. For this reason, and as reported by BeenCrypto, Fairshack has pledged to spend an additional $40 million in the upcoming election cycle.

This is amid a broader campaign against candidates who oppose crypto or support restrictive policies. The increased investment is aimed at wooing some of the digital assets' most vocal critics, including Ohio Senator Sherrod Brown, a well-known advocate of crypto regulations.

Crypto advocacy groups see these efforts as critical to shaping a more favorable legislative environment for digital assets and blockchain technology. Beyond financial contributions, Armstrong and Coinbase are stepping up grassroots support through the Stand With Crypto organization. As reported, Stand with Crypto aims to reach four million activists by the 2026 midterm elections.

“We are also supporting Stand with Crypto in their goal of reaching 4m advocates by mid-2026,” Armstrong added.

This initiative seeks to encourage what Armstrong calls the “crypto electorate”. This is a growing demographic that cryptocurrency advocates believe will play a significant role in future elections. The crypto executive emphasized that Coinbase and its partners are committed to “protecting customer rights and passing sensible legislation” in the US and internationally. This further underscores the industry's commitment to regulatory transparency and consumer protection.

The combined efforts of Coinbase, Jump Crypto and other industry leaders represent a campaign focused on electing lawmakers who understand the benefits and challenges of the crypto ecosystem. Likewise, it implies broader pressure for politicians to support balanced regulatory frameworks. However, others like Ripple co-founder Chris Larsen have donated to the contrarian side, as he believes that Kamala Harris can support the crypto industry through the new approach of the Democratic Party.

“It's time for Democrats to take a new approach to tech innovation, including cryptocurrency. “I believe Kamala Harris will prove that American technology dominates the world, which is why I'm donating $10 million in XRP to support her,” Larson said.

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Meanwhile, Americans continue to watch the clock for the November 5th US Election Day. According to Polymarket data, Donald Trump is leading with 64.6% four days before the election.