Cryptocurrency exchange giant Coinbase has stepped up its game in Washington, DC, taking cryptocurrency politics to a new level. Brian Armstrong, CEO of Coinbase, has turned political lobbying into almost a full-time job, with a clear objective: establishing a favorable legal framework for the cryptoasset sector.
This initiative comes at a time when Coinbase faces increasing regulatory challenges and market competition.
A call for sensible regulation
Armstrong began visiting Washington more than six years ago, but today, his trips are more frequent, with a renewed focus on promoting pro-crypto policies.
This election cycle, Coinbase has been one of the largest corporate donors, committing more than $75 million to organizations like Fairshake and other pro-crypto PACs, including a recent commitment of $25 million to support the industry in the midterm elections. in 2026.
Armstrong has also personally contributed to the cause, raising more than $1.3 million in support of industry-friendly candidates.
Paul Grewal, chief legal officer at Coinbase, has worked with both the Trump and Kamala Harris campaign teams, emphasizing that both candidates recognize the need for a reasonable regulatory framework for the sector.
The “Stand With Crypto” platform, launched by Coinbase, aims to support candidates who promote legislation that favors cryptocurrencies, giving ratings to candidates based on their positions on the technology.
«Crypto Voter»: A new power in elections
The “Stand With Crypto” initiative has mobilized 1.8 million digital asset advocates across the country. Part of this campaign included a bus tour of key states to register voters interested in the industry, concluding with an event in Washington.
Armstrong, when talking about the “Crypto Voter”, highlighted how this new group has gained relevance in the electoral cycle: “The crypto voter is real, and we will see what happens in November.”
Ripple and the response against the SEC
Another company that has invested significantly in influencing crypto policy is Ripple Labs. Like Coinbase, Ripple has invested millions in its legal battle against the Securities and Exchange Commission (SEC) under the administration of Gary Gensler.
Lauren Belive, Ripple’s US head of public policy, said her company’s goal is to help put people in Congress who understand cryptocurrencies and the need for clear federal regulations, rather than inconsistent enforcement measures. by the SEC.
Crypto Vote as protagonist in the election
Coinbase and other cryptocurrency companies have become a significant political force in the US, facing a climate of increasing regulatory scrutiny.
With the political and economic influence of this industry booming, the upcoming election is likely to see a shift in the tone of cryptocurrency policies, shaped in part by the interests and activism of companies like Coinbase and Ripple.
Do you want to always be updated in the world of cryptocurrencies? Subscribe now to the CriptoTendencia WhatsApp channel! Here you will instantly receive the most relevant information about Bitcoin, Altcoins, DeFi, NFTs, Blockchain and the Metaverse.
Related
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
