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.