Coinbase CEO Brian Armstrong has recently been evaluating the statements made by former President Donald Trump regarding cryptocurrency. Armstrong emphasized the importance of a bipartisan approach in addressing cryptocurrency issues during a panel discussion with Ark Invest CEO Cathie Wood.
While discussing Trump’s support for crypto, Wood highlighted the former president’s divisive reputation. However, she also acknowledged that Trump’s support has brought attention to the crypto movement and demonstrated its potential for bipartisan appeal.
Armstrong, without directly mentioning Trump, stressed the necessity of addressing cryptocurrency issues across party lines. He emphasized that both political parties recognize the need to tackle this issue and called for clear regulations in the US to ensure the industry’s growth and stability.
The Coinbase CEO recently met with 13 senators in Washington to discuss these regulatory concerns and reiterated his commitment to bipartisan dialogue. He expressed the need for regulatory clarity in the US and emphasized the importance of clear rules to support the industry’s development.
The push for crypto-friendly policies has garnered significant financial support from industry leaders. The FairShake PAC, which advocates for proper digital asset legislation, has raised nearly $93 million, with major donors including the Winklevoss twins, Coinbase, Ripple, Marc Andreessen, and Ben Horowitz. Additionally, Stand With Crypto, a nonprofit launched by Coinbase, has established its own political action committee (PAC) to support pro-crypto candidates in upcoming elections.
It is important to note that this information is not investment advice. For those interested in investing in over 300 cryptocurrencies, registering with Binance exchange through a specific link can provide a 20% commission discount. Stay updated on exclusive news, analytics, and on-chain data by following our Telegram and Twitter accounts.
