Coinbase CEO Brian Armstrong pointed out that SEC Chairman Gary Gensler and Senator Elizabeth Warren are the reasons Democratic candidate Harris lost the 2024 U.S. presidential election. His remarks suggest that the cryptocurrency regulations led by Gensler and Warren have harmed the Democratic Party's chances of winning in the elections.
Armstrong stated that the actions of Gensler and Warren have negatively impacted the cryptocurrency sector, which is supported by the tech industry and young people. A rigid stance on cryptocurrency, especially under the regulatory environment led by Gensler, has caused many innovators and tech supporters to turn against the Biden administration. (CoinGape) #BTC