The disconnect between existing crypto policies and American requirements, according to Brian Armstrong, will make cryptocurrencies a major topic in the forthcoming elections.
Brian Armstrong, CEO of Coinbase, has predicted the role that cryptocurrencies will play in the forthcoming US elections, arguing that Washington, D.C. officials are unaware of the influence that the crypto community will have on the outcome of the contest.
“I don’t think everybody in DC actually fully realizes how powerful the crypto voting community block is. And I think 2024 is an election where the voters of America are really going to hold candidates’ feet to the fire and say, what is your position on crypto?,” Armstrong said during a recent interview with Yahoo Finance.
CryptoCaster Quick Check:
Armstrong estimates that 56 million Americans have already used bitcoins. “As an illustration, there are five times as many as there are electric cars. And we cast our votes,” he added. According to him, cryptocurrencies will be a hot topic in 2024 because to the disconnect between present crypto policies and American requirements.
In fact, contenders for president are actively discussing cryptocurrencies. If elected president, Florida Governor Ron DeSantis has threatened to outlaw central bank digital currencies (CBDCs). Additionally opposed to researching the idea of a digital dollar is Robert F. Kennedy Jr. Kennedy Jr. and DeSantis both cited privacy issues as justifications for their stances. However, the candidates have chosen a crypto-friendly marketing approach.
A CBDC enthusiast most likely resides in the White House, according to a recent analysis by cryptocurrency asset manager Grayscale. Joe Biden and Donald Trump, who are leading their respective party’ presidential primary polls for 2024, are “favorable toward exploring CBDC,” according to the report.
Stay in the know on crypto by frequently visiting Crypto News Today
In Washington, D.C., Coinbase has been advocating for a precise regulatory framework for the cryptocurrency industry. Bipartisan legislation is already being discussed in Congress and could eventually establish regulations for crypto companies and users nationwide. However, Armstrong noted that there are other options available for crypto companies, citing the potential for a new chair at the Securities and Exchange Commission (SEC) in 2024.
He added, “I also think there’s a possibility we’ll just get a different chair in 2024 or beyond,” in reference to Gary Gensler’s potential replacement. The SEC filed a lawsuit against Coinbase in June, accusing it of violating securities laws and asserting that a number of tokens traded on the exchange were securities.
We hope you appreciated this article. Before you move on, I was hoping you would consider taking the step of supporting CryptoCaster’s journalism.
From Elon Musk, Larry Fink(BlackRock) to Jamie Dimon(JP Morgan Chase) a number of billionaire owners have a powerful hold on so much of the hidden agendas’ which eludes the public concerning the paradigm shift juxtaposed by cryptocurrency and web3 emerging technologies. CryptoCaster is different. We have no billionaire owner or shareholders to consider. Our journalistic efforts are produced to serve the public interest in crypto development and institutional disruptions – not profit motives.
And we avoid the trap that befalls much U.S. and global media – the tendency, born of a desire to please all sides, to engage in false equivalence in the name of neutrality and retail consumer protection. While fairness and transparency dictates everything we do, we know there is a right and a wrong position in the fight against fiat global banking interest and monetary reconstruction precipitated by the emerging crypto ecology.
When we report on issues like the FTX, Binance and Ripple crisis, we’re not afraid to name who or what is uncovered. And as a crypto sentinel, we’re able to provide a fresh, outsider perspective on the global monetary disruption – one so often missing from the insular American and European media bubble.
Around the world, readers can access the CryptoCaster’s paywall-free journalism because of our unique reader-supported model. That’s because of people like you. Our readers keep us independent, beholden to no outside influence and accessible to everyone – whether they can afford to pay for news and information, or not.
We thankyou for the on-going support our readers have bestowed monetarily. If you have not considered supporting CryptoCaster, if you can, please consider supporting us just once from $1 or more of Bitcoin (satoshi) or Eth, and better yet, support us every month with a little more. Scroll further down this page to obtain CryptoCaster’s wallet addresses.
Thank you.
Kristin Steinbeck
Editor, CryptoCaster
Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.
Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt
CRYPTOCASTER HEATMAP
