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Coinbase founder: Some thoughts on the US election from the perspective of cryptocurrency | Bee Network

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Coinbase founder: Some thoughts on the US election from the perspective of cryptocurrency | Bee Network Login Trending News Meme Launchpad AI Agents DeSci TopChainExplorer For Newbee 100x Coins Bee Game Essential Websites Must-Have APP Crypto Celebrities DePIN Rookies Essential Trap Detector Basic Tools Advanced Websites Exchanges NFT Tools Hi, Sign out Web3 Universe Games DApp Bee Hive Growing Platform AD Search English Recharge Coins Login Download Web3 Uni Games DApp Bee Hive AD home•Analysis•Coinbase founder: Some thoughts on the US election from the perspective of cryptocurrency Coinbase founder: Some thoughts on the US election from the perspective of cryptocurrencyAnalysis1yrs ago (2024)releasedWyatt 35,4601 17 Original author: Brian Armstrong

Original translation: Luffy, Foresight News

I wanted to share some thoughts on the election from the perspective of cryptocurrency and Coinbase鈥檚 mission to increase economic freedom (a very political dimension).

Regardless, this election was a huge win for crypto.

1. Pro-crypto Bernie Moreno鈥檚 victory over Sherrod Brown was key to Trump鈥檚 victory in Ohio. Sherrod was one of the most anti-crypto senators.

2. Cryptocurrency has the full support of the victorious presidential candidate Trump.

3. The state completely disavowed Senators Warren and Gary Gensler for years trying to illegally stifle the crypto industry. They both deserve blame for the Democratic Party鈥檚 failure (Biden and Harris should also take blame for this).

4. The next Congress will be the most crypto-friendly Congress ever. StandWithCrypto voters turned out in large numbers to help elect pro-crypto candidates in nearly every district (the House of Representatives elected 257 pro-crypto candidates).

5. Washington, D.C. received a clear message that opposing cryptocurrencies is a good way to end a career because it goes against the will of voters who are unhappy with the current financial system and want changes.

Of course, there were many other factors in this election besides crypto. Musk probably played the biggest role (his acquisition of Twitter/X marked a turning point). There were many other factors, too many for me to go into here.

But I think the most important message we (American citizens) sent to the government in this election is that we will not build a government that is getting bigger and more powerful, we will not over-regulate, we will not print a lot of money, we will not buy votes through free benefits, and we will drive up deficits. America will follow the path of economic freedom, which is the source of our strength, which is based on limited government, the rule of law, meritocracy, fiscal discipline, respect for free markets (not government) as the source of economic growth, and praise for science, technology, and builders as the driving force of civilizational progress, etc.

This shouldnt be limited to one party. There are excellent pro-business and tech advocates on both sides of the aisle, and the crypto industry supports them. But that doesnt mean support should be 50/50, because they werent equally supported in this election. Ive received many angry calls from people on the left who are upset that our industry isnt supporting the Democrats. What they refuse to acknowledge is that more Republicans voted for FIT21 in the House (about 3 to 1), while the legal battles and attacks against crypto have come mostly from a Democratic administration. A truly nonpartisan PAC would focus only on a candidates stance on crypto and economic freedom, not which party they belong to. If theyre stuck in partisan thinking, they cant understand why its not 50/50 or support their preferred party.

Regardless, Im proud that the crypto community has taken a truly principled, nonpartisan approach, and I hope that after this election, we no longer see this imbalance. Cryptocurrency should be supported by both parties, as should any important new technology or industry that drives American prosperity. We cannot tolerate politicians trying to illegally destroy our industry, or take away the rights of our customers.

Finally, from a policy perspective, cryptocurrencies are here to stay and we will continue to work until we see sensible legislation passed to protect consumers and the industry from attack. We will see this industry reestablished in the United States. Coinbase and a16z have provided additional funding to Fairshake, which has already used approximately $78 million in the 2026 midterm elections. StandWithCrypto currently has 1.9 million supporters and has set a development goal of reaching 4 million supporters by the 2026 midterm elections. They will also expand their efforts internationally as the industry needs to see similar rules in the G20 or the wider world. Only through global adoption can cryptocurrencies revolutionize the global financial system and increase economic freedom.

Im really proud of the progress the crypto community has made. Now lets pass some sensible legislation in the US and start building again!

This article is sourced from the internet: Coinbase founder: Some thoughts on the US election from the perspective of cryptocurrency

Related: Angela Meng: Immigrated to the US at age 11, from a journalist and model to the Chinese-American boss of Coinbase Original author: Jaleel Jialiu , BlockBeats Who is Angela Meng? This may be the biggest news in the Chinese crypto community these days. In the crypto industry, marriage news can also spark a discussion, especially when the protagonist is Brian Armstrong, co-founder and CEO of Coinbase, the worlds most well-known cryptocurrency trading platform. Recently, Brian announced on social media that he had been married to Angela Meng for a week, and this news quickly sparked heated discussions in the crypto community. Well-known figures from the global crypto field have sent their blessings, and Cathie Wood of Ark Invest and the founder of MicroStrategy have expressed their sincere congratulations to the newlyweds. As one of the worlds largest cryptocurrency trading platforms, Coinbase has a market value of $41.4 billion. Coinbase is…

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