Coinbase CEO Predicts Bipartisan Support for Crypto's Future
Brian Armstrong anticipates a constructive stance on cryptocurrency from the next U.S. administration, regardless of the election outcome.
- Coinbase CEO Brian Armstrong sees growing political influence for the crypto industry in the U.S.
- Both Republican and Democratic parties are increasingly acknowledging crypto as a significant voting bloc.
- Armstrong lauded the recent Supreme Court decision overturning 'Chevron deference' as beneficial for the industry.
- Three major pro-crypto political action committees have raised over $230 million to support favorable candidates.
- Investment bank Citi upgraded Coinbase shares, expecting a more favorable regulatory environment.