Coinbase CEO Brian Armstrong called for a concerted effort to ensure regulatory clarity for the cryptocurrency industry by supporting political candidates who support cryptocurrencies and voting out vested interests that oppose cryptocurrencies.
Armstrong published a blog post on June 3, "How to Fight for Regulatory Clarity for Cryptocurrencies," outlining two main ways to achieve regulatory clarity: creating new case law through the courts, and passing new legislation through Congress.
However, he also acknowledged the difficulties posed by the current political climate, "In our divided government, the default is that nothing will happen unless the cost of inaction is greater than doing the right thing."
To meet these challenges, Armstrong called on both parties to work together to elect candidates who support cryptocurrencies and remove politicians who oppose cryptocurrencies. Armstrong emphasized that 52 million Americans own digital assets, and the cryptocurrency community is an important and diverse group among voters. He added that cryptocurrency owners are "younger, more racially diverse, and across political lines." (Cryptoslate)
Earlier, Coinbase donated another $25 million to Fairshake, a PAC organization that supports crypto politicians.
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