Coinbase CEO Brian Armstrong pointed out that U.S. 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 Biden administration's cryptocurrency regulation, led by Gensler and Warren, has harmed the Democrats' chances of winning the election. Armstrong stated that Gensler and Warren's actions have had a negative impact on the cryptocurrency sector, which is supported by the tech industry and younger people. The rigid stance on cryptocurrency, especially in the regulatory environment under Gensler's leadership, has caused many innovators and tech supporters to turn against the Biden administration. (CoinGape)