Winning the Election Boosts Cryptocurrencies and Economic Freedom – Coinbase CEO | CryptoTvplus

Coinbase CEO hailed the election results as a decisive victory for cryptocurrencies and economic freedom.

The 2024 US elections represent a shift in favor of cryptocurrencies and economic freedom. Coinbase CEO expresses confidence in upcoming regulatory changes and industry growth potential.

As Donald Trump prepares for a second term in the White House, the 2024 presidential election brings fundamental changes to the outlook for cryptocurrency policies.

Cryptocurrency advocates, including Coinbase CEO Brian Armstrong, are optimistic that the changes following Trump’s victory and Republican control of the Senate — along with a potential majority in the House of Representatives — could positively impact the digital assets industry.

The election result sent the price of Bitcoin soaring, surpassing $75,000 on November 6, with growing anticipation around regulatory clarity, new legislative opportunities, and changes at the Securities and Exchange Commission.

Trump’s pro-crypto stance, combined with GOP control of the Senate, suggests that the United States may be moving toward a more accommodating regulatory approach, especially if Trump makes good on his promise to replace SEC Chairman Gary Gensler.

The rise of the pro-crypto trend becomes evident in key races, such as in Ohio, where Republican Bernie Moreno is challenging and defeating Senator Sherrod Brown, an outspoken critic of cryptocurrencies.

According to Armstrong on November 6 mail On X, Moreno’s victory signals a change in the cryptocurrency policy landscape “Crypto Supports Bernie Moreno” Being a key component in his win over Sherrod Brown.

With over 250 pro-crypto candidates in the House of Representatives now, Coinbase CEO calls it “The most pro-crypto Congress ever.”

In his comments on the election results, Armstrong suggests that voters’ shift toward economic freedom reflects frustration with over-regulation.

“America will follow a path toward the economic freedom that is our strength, based on limited government, the rule of law, meritocracy, fiscal discipline, and respect for the free market (not government).”“ Coinbase CEO said.

Armstrong’s role as CEO of a centralized cryptocurrency exchange draws attention to the potential benefits of cryptocurrency exchanges, including reduced regulatory restrictions and increased flexibility in operations.

Reinforcing Armstrong’s message, Paul Grewal, chief legal officer at Coinbase, urged the SEC on November 6 to… ““Stop suing cryptocurrencies” And focus on “Make the rules now.”

As part of his promise to unite the country, Trump pledged to end the Biden-Harris administration “An anti-encryption crusade,“ Explaining that dismissing Gensler would be his first act in his position.

Since being appointed by President Joe Biden, Gensler has led the SEC’s enforcement push against Coinbase, Consensys (the developer of the MetaMask wallet), Uniswap, and other major players.

Trump kept his promise fire On day one, Gensler could bring an early and abrupt end to the SEC chairman’s term, which was scheduled to run until April 2025.