Author: Brian Armstrong
Translated by: 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).
In any case, this election was a huge victory for cryptocurrency.
1. Pro-crypto Bernie Moreno defeating Sherrod Brown was key to Trump's victory in Ohio. Sherrod is one of the most anti-crypto senators.
2. Cryptocurrency received full support from the winning presidential candidate, Trump.
3. The national level completely denied the actions of Senator Warren and Gary Gensler, who for years have tried to illegally stifle the crypto industry. They should all be held accountable for the Democratic Party's defeat (Biden and Harris should also take responsibility for this).
4. The next Congress will be the most cryptocurrency-friendly in history. StandWithCrypto voters showed up in large numbers to help elect pro-crypto candidates in nearly every district (the House elected 257 pro-crypto candidates).
5. Washington D.C. received a clear message that opposing cryptocurrency is a good way to end a career, as it goes against the will of voters who are dissatisfied with the current financial system and want change.
Of course, besides cryptocurrency, there are many other factors in this election. Musk may have played the biggest role (his acquisition of Twitter/X marked a turning point). There are many other factors, but I won't elaborate here.
But I believe the most important message we (American citizens) sent to the government in this election is that we will not establish a government that grows larger and more powerful, that overregulates, prints money excessively, or buys votes with free benefits while increasing the deficit. America will take the path of economic freedom, which is our source of strength, based on limited government, rule of law, elite politics, and fiscal discipline, respecting the free market (rather than the government) as the source of economic growth, praising science, technology, and builders as the driving forces of civilizational progress, and so on.
This should not be limited to a certain party. Both parties have excellent pro-business and technology advocates, and the crypto industry supports them. But this does not mean that support should be 50/50, as their support in this election was not equal. I have received many angry calls from the left, who are dissatisfied with our industry's lack of support for the Democratic Party. They refuse to acknowledge that more Republicans voted in the House in support of the FIT21 bill (about 3 to 1), while the legal battles and attacks against cryptocurrency largely came from the Democratic government. A truly nonpartisan PAC that focuses solely on candidates' positions on cryptocurrency 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 support their preferred party.
In any case, I am proud that the crypto community has taken a truly principled, nonpartisan approach, and I hope that after this election, we will no longer see this imbalance. Cryptocurrency should receive support from both sides, and any important new technology or industry that drives American prosperity should also be treated the same way. We cannot tolerate politicians attempting to illegally destroy our industry or strip away the rights of our customers.
Finally, from a policy perspective, cryptocurrency will continue to exist, and we will continue to fight until we see reasonable legislation protecting consumers and the industry from attacks. We will see this industry re-establish itself in the U.S. Coinbase and a16z have provided additional funding for 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 rules at the G20 or in the broader world. Only through global adoption can cryptocurrency innovate the global financial system and increase economic freedom.
I am very proud of the progress the crypto community has made. Now let's pass some reasonable legislation in the U.S. and get back to building!