According to Brian Armstrong, CEO of #Coinbase, the approaching presidential election in the #UnitedStates could mark a significant turning point for the #cryptocurrency sector.

#Armstrong said a recent lawsuit filed by the U.S. Securities and Exchange Commission against the exchange could ultimately result in more regulated clarity for the business as the matter moves through the courts in his remarks at a conference in New York on Thursday.

Armstrong continued, "Frankly, the 2024 election is also a factor here. "To be anti-crypto at the moment is kind of politically unpopular, and we could see a change here, whether in the administration, parties, or the #SEC chair."