Brian Armstrong Announces His Support for Pro-Crypto Policies Following the U.S. Elections

After the U.S. elections, Coinbase CEO Brian Armstrong pledged to continue his support for pro-crypto policies by contributing $25 million to Fairshake PAC to support crypto-friendly candidates in Congress.

Brian Armstrong, CEO of Coinbase, declared that he would continue to advocate for policies that are favorable to cryptocurrency in the wake of the U.S. elections. He underscored that endeavors to establish U.S. laws that are advantageous to cryptocurrency will persist following the November elections.

Coinbase has pledged a new donation of $25 million to Fairshake PAC in order to provide assistance to candidates who are pro-crypto. By the 2026 midterm elections, the objective of this initiative is to revise regulations in the United States to be more favorable to cryptocurrency and to increase cryptocurrency advocacy in Congress.

This action elevates Coinbase’s aggregate political expenditures to $75 million. Armstrong also expressed their support for the Stand with Crypto (SWC) advocacy group, which is dedicated to recruiting 4 million members by 2026.

Josh Vlasto, spokesperson for Fairshake, asserts that the crypto sector is committed to the establishment of a sustainable coalition to spearhead consumer-protective regulations. Furthermore, he declared that they are endeavoring to ensure that the United States remains a leader in the fields of technology and employment.

Coinbase has recently partnered with Visa to enable users to instantly transfer funds onto their bank cards. This new feature allows users to conduct transactions at any hour of the day or night.

Revenues failed to meet expectations as a consequence of a decline in transaction volumes, which led to a 27% reduction in associated fees, according to Coinbase’s most recent quarterly report. However, they could diversify their revenue streams by increasing the scope of their custody services, USDC transactions, and staking.

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