Original author: Brian Armstrong
Original translation: Luffy, Foresight News
I wanted to share some thoughts on the election from the perspective of cryptocurrency and Coinbase’s mission to increase economic freedom (a very political dimension).
Regardless, this election was a huge win for crypto.
1. Pro-crypto Bernie Moreno’s victory over Sherrod Brown was key to Trump’s victory in Ohio. Sherrod was one of the most anti-crypto senators.
2. Cryptocurrency has the full support of the victorious presidential candidate Trump.
3. The state completely disavowed Senators Warren and Gary Gensler for years trying to illegally stifle the crypto industry. They both deserve blame for the Democratic Party’s failure (Biden and Harris should also take blame for this).
4. The next Congress will be the most crypto-friendly Congress ever. StandWithCrypto voters turned out in large numbers to help elect pro-crypto candidates in nearly every district (the House of Representatives elected 257 pro-crypto candidates).
5. Washington, D.C. received a clear message that opposing cryptocurrencies is a good way to end a career because it goes against the will of voters who are unhappy with the current financial system and want changes.
Of course, there were many other factors in this election besides crypto. Musk probably played the biggest role (his acquisition of Twitter/X marked a turning point). There were many other factors, too many for me to go into here.
But I think the most important message we (American citizens) sent to the government in this election is that we will not build a government that is getting bigger and more powerful, we will not over-regulate, we will not print a lot of money, we will not buy votes through free benefits, and we will drive up deficits. America will follow the path of economic freedom, which is the source of our strength, which is based on limited government, the rule of law, meritocracy, fiscal discipline, respect for free markets (not government) as the source of economic growth, and praise for science, technology, and builders as the driving force of civilizational progress, etc.
This shouldnt be limited to one party. There are excellent pro-business and tech advocates on both sides of the aisle, and the crypto industry supports them. But that doesnt mean support should be 50/50, because they werent equally supported in this election. Ive received many angry calls from people on the left who are upset that our industry isnt supporting the Democrats. What they refuse to acknowledge is that more Republicans voted for FIT21 in the House (about 3 to 1), while the legal battles and attacks against crypto have come mostly from a Democratic administration. A truly nonpartisan PAC would focus only on a candidates stance on crypto and economic freedom, not which party they belong to. If theyre stuck in partisan thinking, they cant understand why its not 50/50 or support their preferred party.
Regardless, Im proud that the crypto community has taken a truly principled, nonpartisan approach, and I hope that after this election, we no longer see this imbalance. Cryptocurrency should be supported by both parties, as should any important new technology or industry that drives American prosperity. We cannot tolerate politicians trying to illegally destroy our industry, or take away the rights of our customers.
Finally, from a policy perspective, cryptocurrencies are here to stay and we will continue to work until we see sensible legislation passed to protect consumers and the industry from attack. We will see this industry reestablished in the United States. Coinbase and a16z have provided additional funding to Fairshake, which has already used approximately $78 million in the 2026 midterm elections. StandWithCrypto currently has 1.9 million supporters and has set a development goal of reaching 4 million supporters by the 2026 midterm elections. They will also expand their efforts internationally as the industry needs to see similar rules in the G20 or the wider world. Only through global adoption can cryptocurrencies revolutionize the global financial system and increase economic freedom.
Im really proud of the progress the crypto community has made. Now lets pass some sensible legislation in the US and start building again!
