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Topic: [2024-11-08] America Elects the Most Pro-Crypto Congress Ever, ... (Read 5 times)

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America Elects the Most Pro-Crypto Congress Ever, Declares Coinbase CEO

A newly elected, pro-crypto Congress is set to reshape U.S. policy, says Coinbase CEO, with 281 advocates ready to drive clear regulations and economic freedom.

Coinbase CEO Welcomes the Most Pro-Crypto Congress in US History

Coinbase CEO Brian Armstrong shared his perspectives on the elections this week, viewing the results as a pivotal moment for the cryptocurrency industry and a victory for economic freedom. Noting that over 280 pro-crypto candidates have now been elected to the House and Senate, Armstrong shared on social media platform X Tuesday:

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Welcome to the new members of America’s most pro-crypto Congress ever.

He emphasized that the election demonstrated a strong and widespread demand for clear regulation of digital assets, stating: “Tonight the crypto voter has spoken decisively — across party lines and in key races across the country. Americans disproportionately care about crypto and want clear rules of the road for digital assets. We look forward to working with the new Congress to deliver it.”

The Coinbase CEO noted that Stand With Crypto advocates showed strong support, helping elect pro-crypto representatives in nearly every district and achieving a historic number of pro-crypto candidates in Congress. As of writing, 281 candidates have been elected to the House or Senate. “This next Congress will be the most pro-crypto Congress ever. Stand With Crypto voters turned out in force to elect pro-crypto candidates in nearly every district, across both parties,” he emphasized.

Armstrong pointed to a broader sentiment among voters pushing back against anti-crypto stances in Washington, saying: “DC received a clear message that being anti-crypto is a good way to end your career, as it doesn’t represent the will of the voters, who are disaffected by the current financial system and want change.”

The executive interpreted the results as a rejection of “socialism, with ever larger, heavy-handed government, over-regulation, lawfare, massive printing of the dollar,” and fiscally irresponsible policies. Armstrong championed a path toward “economic freedom,” built on “limited government, rule of law, meritocracy, fiscal discipline, respecting the free market … as the source of economic growth, celebrating science, technology, and builders as the source of civilizational progress.” With funding already underway for the 2026 midterms, Coinbase and partners such as A16Z aim to build support for crypto-friendly legislation in the U.S. and globally, confident that “crypto is here to stay.”

Source: https://news.bitcoin.com/america-elects-the-most-pro-crypto-congress-ever-declares-coinbase-ceo/
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