Coinbase CEO urges support for pro-crypto lawmakers amidst SEC warning.
TL;DR Summary
Coinbase CEO Brian Armstrong has called on crypto users to elect pro-crypto lawmakers and donate to pro-crypto candidates in an effort to achieve clear rules for crypto. This comes after the US Securities and Exchange Commission issued a Wells notice to the crypto exchange, suggesting a potential enforcement action. Armstrong stated that Coinbase would be making efforts to organize the roughly 50 million US citizens who use crypto into a political force. This marks a change in Armstrong's stance on mixing business and politics, as he previously claimed the exchange should not advocate for any particular causes or candidates unrelated to their mission.
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