Supporting Pro-Crypto Candidates: A Call for Regulatory Clarity in the Crypto Industry

The crypto industry has been facing a lack of regulatory clarity for years, hindering its growth and development. In a recent blog post titled “How to get regulatory clarity for crypto,” Coinbase CEO Brian Armstrong called for a united effort to secure regulatory clarity by electing pro-crypto candidates and voting out anti-crypto incumbents.

The Importance of Regulatory Clarity

Armstrong highlighted the significant investment Coinbase has made in policy efforts to defend customers’ rights and advance economic freedom. He emphasized the need for clear regulations to protect consumers and foster innovation in the crypto space.

Armstrong pointed out the challenges posed by the current political climate, where inaction is often the default. He identified two primary paths to achieving regulatory clarity: creating new case law through the courts and passing new legislation through Congress.

Supporting Pro-Crypto Candidates

To address these challenges, Armstrong called for a bipartisan effort to elect pro-crypto candidates and remove anti-crypto politicians from office. With 52 million Americans owning digital assets, he highlighted the importance of the crypto community as a significant and diverse portion of the electorate.

Coinbase’s support for the grassroots movement, StandWithCrypto.org, has been instrumental in mobilizing over 900,000 advocates nationwide. These advocates have actively engaged with congressional representatives, influencing key legislative votes and shaping the future of crypto legislation.

Armstrong urged crypto holders to participate in upcoming elections and support pro-crypto candidates who prioritize clear rules to protect consumers and promote innovation in America. He emphasized the importance of updated financial infrastructure and economic freedom in driving the growth of the crypto industry.

Regulatory clarity is essential for the long-term success of the crypto industry. By supporting pro-crypto candidates and actively engaging in policy efforts, the crypto community can pave the way for a more secure and innovative future for digital assets.