The manager believes that the cryptocurrency issue was a determining factor in the elections.
Of the United States Senate, 16 representatives are “procrypto” and 12 are against it.
Brian Armstrong, leader of the Coinbase exchange, said on his X social network profile that “being anti-cryptocurrencies is simply bad policy.” Consider that the above was demonstrated by the fact that, during the elections, 257 elected representatives of the government can be considered pro-cryptocurrencies. On the contrary, only 115 of them are “anticrypto”.
He Armstrong’s comment It emerged after, in the race for the United States Senate, specifically in the state of Ohio, Bernie Moreno won the position against a candidate with an attitude opposed to cryptocurrencies.
Bernie Moreno is a Colombian-American businessman and politician. He is known for his strong support of cryptocurrencies and bitcoin technology. It is considered that the favorable attitude as an elected representative of the Republican party to the Senate could have a significant impact on the cryptocurrency regulatory landscape in the United States
The Coinbase executive had some additional words for Moreno on the occasion of his election:
Bernie Moreno understands that cryptocurrencies are an important part of the future of the United States. Bernie and the cryptocurrency owners who helped him achieve this victory understand how everyone can benefit from cryptocurrencies and are willing to fight for it. Welcome to the most pro-crypto US Congress of all time.”
Brian Armstrong, CEO of Coinbase
Elections from the perspective of bitcoin and cryptocurrencies
The CEO of Coinbase shared on his social profile a web page to follow the results of the elections from the point of view of bitcoin and cryptocurrencies.
Call Stand with Cryptothis is “the definitive place to follow candidates who support cryptocurrencies on Election Day. Help us spread the news!”, according to the website itself.
The website reflects that of the 28 representatives chosen for the United States Senate, 16 are “procrypto”, and only 12 are against cryptocurrencies, placing the former as the majority within the chamber of the US legislative power.
According to other data from Stand with Crypto, all US states except Alaska, New Mexico, Hawaii and Maine They have at least one elected “outlaw” politician. The state of California has up to 20 favorable towards cryptocurrencies. California is surpassed by Texas, where there are up to 30 of these, which is logical since Texas is the headquarters of much of the mining activity carried out in the United States.
In addition to the victory of Bernie Moreno, another critical and favorable victory towards the future of cryptocurrencies is the victory of Tim Sheehy, according to the elections portal. This was chosen in the state of Montana and strongly supports crypto assets.
Anti-cryptocurrency policy is no longer “popular”
Likewise, Stand with Crypto offers a ranking of American politicians classified according to their level of support or opposition towards cryptocurrencies. In general, these can be classified as “procrypto”, “anticrypto”, neutral and “pending”, alluding to those politicians whose position on the matter is not yet clear.
This ranking demonstrates that, in alignment with Donald Trump’s agenda, most pro-cryptocurrency politicians come from the Republican side: about 300 representatives in total. Only about 5 representatives of this party consider themselves openly against cryptocurrencies.
On the democratic side, clearly anti-cryptocurrency representatives are also a small minority: 44 in total.
This data would show that what Brian Armstrong said could have some basis, at least from a certain point of view: anti-cryptocurrency policy could be bad policy because it has lost popularity, and seems to be falling behindat least in the United States. The reason? “Anti-crypto” politicians are a minority, both on the democratic and republican sides.