Brian Armstrong, the CEO of United States-based cryptocurrency exchange Coinbase, has renewed calls for crypto users to “elect pro-crypto candidates.”
In a March 23 Twitter Spaces discussion, Armstrong said Coinbase would be making efforts to organize the roughly 50 million U.S. citizens who use crypto into a political force. His statement followed the U.S. Securities and Exchange Commission issuing a Wells notice to the crypto exchange, suggesting a potential enforcement action.
“What we’re going to do is start putting out content where people can contact their congressman, donate to pro-crypto candidates, show up at town halls, make your voice heard,” said the Coinbase CEO. “We are going to elect pro-crypto candidates in this country to make sure that our success is ensured.”
Today at 1pm PT! Join @brian_armstrong, @iampaulgrewal, @faryarshirzad and @chrislehane for a conversation about the recent SEC decision to enforce rules that don’t exist. If the SEC wants to throw the rulebook at crypto, they should have a rulebook.https://t.co/7kgshcrmBy
— Coinbase (@coinbase) March 23, 2023
Armstrong’s call to action was the latest move by the Coinbase CEO representing a change in his stance on mixing business and politics. In September 2020, he wrote a blog post claiming the exchange should not advocate “for any particular causes or c
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Author: Turner Wright
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