MA - Coinbase CEO Warns Being Anti-Crypto Will Be A Bad Political Strategy In 2024 | Benzinga
Coinbase Global Inc. (NASDAQ: COIN) CEO Brian Armstrong posted a video revealing U.S. Sen. Roger Marshall's admission that the American Bankers Association (ABA) played a significant role in drafting the Digital Asset Anti-Money Laundering Act, also known as the "crypto ban” bill.
This bill, co-authored by Sen. Elizabeth Warren and Sen. Marshall, was a topic of intense debate for its potential impact on the regulation of digital assets.
Armstrong's post, which highlighted the political risks of being anti-crypto, came at a time when the cryptocurrency sector is gaining substantial traction among the American public.
He pointed out that being anti-crypto could be a detrimental political strategy going into the 2024 elections, citing several statistics:
- Approximately 52 million Americans have used cryptocurrency.
- 38% of young Americans believe crypto can increase economic opportunities.
- Only 9% of Americans are satisfied with the current financial system.
- Cryptocurrency prices have seen a 90% increase year-to-date.
- The website "standwithcrypto.org" is on its way to gathering 1 million advocates (voters) in favor of sensible crypto policies.
The ...