Crypto's Political Influence Surges with Election Wins and Campaign Power
Coinbase CEO Brian Armstrong hails the recent US elections as a significant win for the crypto industry, with 257 pro-crypto candidates elected to the House and 18 to the Senate. Armstrong criticizes SEC Chair Gary Gensler and Senator Elizabeth Warren for their past opposition to digital assets, suggesting the new Congress will be the most supportive of crypto yet. The advocacy group Stand With Crypto, backed by Coinbase, aims to increase its influence by the 2026 midterms, while President-elect Donald Trump receives high marks for his pro-crypto stance.