Comment on Coinbase CEO Brian Armstrong declares election ‘a huge win for crypto’

The CEO of the cryptocurrency exchange platform Coinbase, Brian Armstrong, has declared the US Election “a huge win for crypto” as he wrote an article on the social media platform X. In the wake of Donald Trump’s win, Armstrong took to the platform to share his thoughts through the lens of crypto and with Coinbase in mind. Coinbase was founded in 2012 by the CEO and it’s one of the largest cryptocurrency exchange platforms, allowing people to buy, sell, transfer, and store digital currency. https://t.co/XyNlxPOObH — Brian Armstrong (@brian_armstrong) November 6, 2024 He started by saying: “No matter how you slice it, this election was a huge win for crypto.” Five separate points have been highlighted as to why this is the case, with the first being crypto supporting Bernie Moreno’s win in Ohio. Moreno defeated Sherrod Brown who has long been unpopular with crypto voters as he has previously voted against pro-crypto legislation and called for more regulation within the sector. On the other hand, Bernie Moreno has shown his support for the industry for some years now and he even sold some of his car dealerships in 2019 to fund a blockchain startup called Ownum. Secondly, Armstrong said the industry received “full-throated support of the winning presidential candidate.” Throughout his campaign, Trump has regularly spoken about the sector and urged crypto voters to be on his side. Third, the CEO writes that “the country fully repudiated the work of Senator Warren and Gary Gensler who tried for years to unlawfully kill our industry.