Coinbase CEO Brian Armstrong called Trump’s victory a victory for crypto and economic freedom.
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Coinbase CEO Brian Armstrong sees Trump's victory as a big boost for crypto and economic freedom. In the recent elections, 257 pro-crito candidates were elected to the House of Representatives.
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Coinbase CEO Brian Armstrong hailed the election results as a major victory for crypto and economic freedom, pointing to key developments that reflect political support for digital assets.
— Brian Armstrong (@brian_armstrong) November 6, 2024
“No matter how you slice it, this election was a big win for crypto,” Armstrong wrote in a post on X.
The election saw crypto supporter Bernie Moreno defeat Shroud Brown of Ohio, whom Armstrong described as “one of the most anti-crypto senators out there.”
In addition, 257 pro-Crito candidates were elected to the House of Representatives by both parties.
Armstrong criticized Sen. Elizabeth Warren and SEC Chairman Gary Gensler, saying they have “tried to kill our industry illegally for years” and “should take responsibility for the loss of their party.”
Looking ahead, Coinbase and venture firm A16Z have provided additional funding to Fairshake, which now has $78 million allocated for mid-2026 terms.
Currently with 1.9 million supporters, the Standwise Crypto Advocacy Group aims to reach 4 million advocates by 2026 and expand globally.
Armstrong reaffirmed that crypto is here to stay out of the policy spotlight, emphasizing Coinbase's commitment to supporting sensible legislation that protects both consumers and the industry from future regulatory challenges.
He expressed his belief that the crypto industry will continue to grow and firmly establish its roots in the US.
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