Coinbase CEO Brian Armstrong Celebrates the 2024 Election as a “Massive Win” for the Crypto Industry

After several months of campaigning, Donald Trump scored a remarkable return to the White House, winning the just concluded presidential elections.

Coinbase CEO Brian Armstrong has shared his thoughts on the just concluded U.S. presidential elections, and they are largely positive. According to Armstrong, the elections marked a huge step forward for the crypto world.

In a series of tweets, Armstrong celebrated what he described as a “massive win” for the crypto industry. He highlighted several key moments in the elections that, in his view, showed a growing support for crypto among voters and lawmakers.

First on Armstrong’s list of wins was Ohio's Senate race, where pro-crypto candidate Bernie Moreno unseated long-time crypto critic Senator Sherrod Brown. “Crypto supporting Bernie Moreno was the key factor in his victory over Sherrod Brown,” Armstrong said, calling out the power of crypto advocacy in the race.

So, for Armstrong, Moreno’s win was a clear sign that voters are tired of restrictive policies and ready to see crypto grow. Another big shift came at the top of the ticket, with the presidential election won by a candidate who has shown support for digital assets.

Armstrong believes this shift sends a powerful message to lawmakers. “The country fully repudiated the work of Senator Warren and Gary Gensler,” he said, referring to the anti-crypto stance of key Democratic figures. Armstrong didn’t hold back, suggesting that their efforts to curb crypto may have cost their party votes.

Armstrong also pointed to the fact that, thanks in part to a huge push from “StandWithCrypto” voters, over 250 pro-crypto candidates won seats in the House. He explained that these voters showed up for candidates who support economic freedom and a more hands-off approach to regulation.

Armstrong believes this turnout reflects a wider sentiment: people are looking for less government control and more opportunities for financial freedom.

Despite the clear shift, Armstrong hopes crypto's growing influence remains non-partisan. He wants to see support from both sides of the aisle. He urged politicians to respect the rights of crypto users and not attempt to “unlawfully destroy our industry.”

Finally, looking ahead, Armstrong emphasized the need for sensible legislation and added that Coinbase is committed to pushing for it. With significant funding for future elections, he’s optimistic about crypto’s place in the U.S. and worldwide. “Crypto is here to stay,” he said, pledging continued efforts to build a secure and innovative future for the industry.