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Author: Brian Armstron, founder and CEO of Coinbase; compiled by: 0xjs@Bitchain Vision
I want to share some short ideas about elections from the perspective of cryptocurrencies and Coinbase’s mission to increase economic freedom (we are very politicized in this dimension).
No matter how you look at it, this election is a huge victory for cryptocurrencies.
1. Support for cryptocurrency is a key factor in Bernie Moreno’s defeat of Sherrod Brown in Ohio.Sherrod is one of the most opposed cryptocurrencies.
2. Cryptocurrency has received full support from the winner of the presidential candidate
3. The United States completely denies that Senators Warren and Gary Gensler have tried to illegally stifle our industry for many years.They should all take their own responsibility for the failure of the Democratic Party (and Biden and Harris should also take responsibility for their out of control).
4. The next Congress will be the most supportive cryptocurrency Congress ever.StandWithCrypto voters were present in large numbers to help select candidates who support cryptocurrencies in almost every constituency.(The House of Representatives elected 257 candidates who support cryptocurrency)
5. Washington, D.C. received a clear message that opposing cryptocurrencies is a great way to end their careers because it does not represent the will of voters who are dissatisfied with the current financial system and want to make changes.
Of course, there are many other factors in this election besides cryptocurrency – Musk may have played the most (his acquisition of Twitter/X marks a turning point).There are many other factors, and I won’t talk about it here.
But I think the biggest message we (U.S. citizens) send to the government in this election is that we will not go on the socialist path, we will not build governments that are growing in scale and power, and we will not overdo itRegulation, legal wars, and large-scale printing of money will not buy votes by issuing money for free, and at the same time push up the deficit.The United States will take the path of economic freedom, which is our source of strength. It is based on limited government, the rule of law, elite politics, and fiscal discipline. It respects the free market (not government) as the source of economic growth and praises science, technology and construction.As the source of civilization progress, etc.
This shouldn’t be partisan information.Both parties have excellent business-friendly and technology-friendly advocates, and the crypto industry supports them.But that doesn’t mean the approval rating should be 50/50, because in this election, their approval ratings were not even.I got angry calls from many left-wing people who were upset that the industry’s efforts were not complete 50/50 or even support the Democratic Party.What they refuse to acknowledge is that more Republicans vote in the House for the FIT21 bill (a roughly 3-to-1 advantage), while legal wars/attacks against crypto are from the Democratic administration.It really hurts the brain to support a truly nonpartisan PAC that focuses only on candidates’ stance on crypto and economic freedom, not which party they belong to.If they get caught up in partisan thinking, they can’t understand why it’s not 50/50 or support a party they like (or don’t want to do that because it’s not in their interest).
Anyway, I am proud that the crypto community has taken a truly principled, nonpartisan approach and I hope that after this election we will no longer see this imbalance.Encryption should be supported by both sides, as should any important new technology or industry that drives the US prosperity.Both parties can support it with their own values.We cannot tolerate politicians trying to destroy our industry illegally or deprive our clients of their rights.
Finally, from a policy perspective, cryptocurrencies will continue to exist and we will continue to appear until we see reasonable legislation protecting consumers and industries from future attacks.We will see this industry established in the United States.Coinbase and a16z provide additional funding for Fairshake, which has used about $78 million in the 2026 midterm elections.StandWithCrypto currently has 1.9 million supporters and has set an extension goal of reaching 4 million supporters by the 2026 midterm elections.They will also expand their efforts internationally as we need to see similar rules in the G20 and beyond.Only through widespread global adoption can cryptocurrencies renew the global financial system and increase economic freedom.
I am very proud of the progress made by the crypto community.Now let’s pass some reasonable legislation in the United States and start building again!
