Overview

• 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.