Brian Armstrong, CEO of Coinbase, claims that the SEC’s cryptocurrency regulations have hurt the Democratic party’s chances in the upcoming election. He accuses SEC Chair Gary Gensler and Senator Elizabeth Warren of trying to “unlawfully kill” the crypto industry. Tech leaders like Marc Andreessen have also highlighted the issue of “debanking,” which affects around 30 tech founders.
Armstrong suggests that the Democratic Party should distance itself from Warren and emphasizes that the Trump administration plans to create a dedicated cryptocurrency policy position after Gensler’s departure in 2025.
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<p>The post Crypto Regulation and the 2024 Election: Armstrong’s Call for Democratic Party to Distance from Warren first appeared on CoinBuzzFeed.</p>