Coinbase CEO Brian Armstrong has called for more representation of pro-crypto lawmakers in US politics, as he believes that the future of the crypto industry can be best moved forward when more crypto-friendly individuals are in charge.
Speaking at a Twitter Spaces event, Armstrong urged crypto proponents to support pro-crypto candidates, make their voices heard, and donate to their campaigns.
The call for more inclusive representation comes after the US Securities and Exchange Commission (SEC) sent Coinbase a Wells Notice, indicating a possible regulatory crackdown.
Coinbase plans to sponsor pro-crypto candidates in US elections to ensure that the industry’s success is secured. Armstrong’s move is one of Coinbase’s last resorts, following a dispute with some of its employees and industry leaders in 2020 over mixing politics with business.
James Wilson is a crypto writer and researcher with over 5 years of experience in the industry. He is a graduate of the University of California, Berkeley, where he studied computer science and economics. After graduating, he worked as a software engineer at a major tech company before transitioning to a career in crypto.
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