Brian Armstrong endorses Republican candidates for the US Senate due to their pro-crypto stance.
Brian Armstrong, Coinbase co-founder and CEO, endorsed Republican senate candidates for the upcoming November elections. He showed his loyalty to two candidates, the pro-XRP John Deaton and former CEO of Bridgewater Associates David McCormick. Deaton is contesting for a Senate seat in Massachusetts and McCormick for a seat in Pennsylvania.
“If you live in Pennsylvania you should vote for @DaveMcCormickPA,” said Armstrong, adding, “He is the better candidate on crypto (among many other credentials).” He said this, as he reposted a poll that indicated Cormick in the lead.
Another post showed support for the Massachusetts candidate Deaton, who is taking on incumbent Senator Elizabeth Warren. Armstrong said, “Crypto holders in MA should realize @SenWarren is the one who got Gary Gensler his job and encouraged him to (unlawfully) try and kill the crypto industry in America.” He continued, “Luckily they did not succeed as we and others fought back.”
Armstrong stated this as he reposted another user’s take that mentioned how Deaton has done more for crypto than all other candidates combined. That user, MetaLawMan, also took shots at Deaton’s opponent, “His opponent @SenWarren (founder of the Anti-Crypto Army) believes you should be debanked if you make investment choices she disapproves.”
The Coinbase CEO mirrored that sentiment in his post. He attacked Warren’s politics surrounding finance, saying, “She is anti-freedom, thinks the government should run all financial services (similar to China), and has done enormous harm to this country.”
Armstrong and Coinbase Were Not Always Political
While Armstrong is showing support for Republican candidates for the US Senate, he has not yet endorsed a presidential candidate. He has previously stated that regardless of who comes into power, Democrat or Republican, the next administration will favor the crypto industry.
“(Crypto) advocates are making their voices heard as an important voting bloc. Politicians on both sides of the aisle have taken notice, and there is growing momentum to pass comprehensive crypto legislation,” Armstrong said, according to a Reuters report.
As the firm’s CEO gets political this time, he was once known for not doing so and wanting Coinbase to stay apolitical. However, the firm has stepped into taking political stances. Its Stand With Crypto advocacy project aims to endorse candidates who want to create policies favoring crypto. The project will back Senate and House of Representative candidates.
