Original title: Reflections on the election through a crypto lens
Original author: Brian Armstrong
Original translation: Luffy, Foresight News
I want to share some thoughts on the election from the perspective of increasing economic freedom through cryptocurrency and Coinbase (this dimension is very politicized).
Anyway, this election is a huge victory for cryptocurrencies.
1. The defeat of pro-crypto Bernie Moreno against Sherrod Brown is key to Trump's victory in Ohio. Sherrod is one of the most anti-crypto senators.
2. Cryptocurrency has received full support from winning presidential candidate Trump.
3. The federal level has completely denied the attempts by Senator Warren and Gary Gensler to illegally stifle the crypto industry for years. They should all be held accountable for the Democratic Party's failure (Biden and Harris should be held accountable for this as well).
4. The next Congress will be the most crypto-friendly in history. StandWithCrypto voters showed up in large numbers to help elect pro-crypto candidates in almost every district (the House elected 257 pro-crypto candidates).
5. A clear message has been sent to Washington, D.C. that opposing cryptocurrency is a great way to end one’s career, as it goes against the will of the voters who are dissatisfied with the current financial system and want change.
Of course, there were many other factors in this election besides cryptocurrency. Musk may have played the biggest role (his acquisition of Twitter/X marked a turning point). There are many other factors, and I won't elaborate further here.
But I think the most important message we (American citizens) are sending to the government in this election is that we will not create a larger and more powerful government, we will not overregulate, print money indiscriminately, or buy votes with free benefits while inflating the deficit. America will follow the path of economic freedom, which is our source of strength, based on limited government, the rule of law, elite politics, and fiscal discipline, respecting the free market (rather than the government) as the source of economic growth, celebrating science, technology, and builders as the driving force of civilizational progress, and so on.
This should not be limited to a particular party. Both parties have excellent pro-business and tech advocates, and the crypto industry supports them. But that does not mean support should be 50/50, as their support in this election was not equal. I have received many angry calls from leftists who are unhappy that our industry does not support the Democratic Party. What they refuse to acknowledge is that more Republicans voted in favor of the FIT21 bill in the House (about 3 to 1), while the legal war and attacks against cryptocurrencies mostly came from the Democratic government. A truly bipartisan PAC that focuses solely on candidates' positions on cryptocurrencies and economic freedom, rather than which party they belong to. If they fall into partisan thinking, they cannot understand why it is not 50/50 or why they do not support their preferred party.
Anyway, I am proud that the crypto community has taken a truly principled and bipartisan approach, and I hope that after this election we will no longer see this imbalance. Cryptocurrencies should receive support from both parties, and any important new technology or industry that drives America's prosperity should as well. We cannot tolerate politicians trying to illegally destroy our industry or deprive our customers of their rights.
Lastly, from a policy perspective, cryptocurrency will continue to exist, and we will keep pushing until we see reasonable legislation to protect consumers and the industry from attacks. We will see this industry rebuilt in the U.S. Coinbase and a16z provided additional funding to Fairshake, which has already used about $78 million in the 2026 midterm elections. StandWithCrypto currently has 1.9 million supporters and has set a growth 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 regulations in the G20 or broader world. Only through global adoption can cryptocurrencies innovate the global financial system and increase economic freedom.
I am very proud of the progress made by the crypto community. Now let's work on some reasonable legislation in the U.S. and get back to building!
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