Coinbase CEO Brian Armstrong expressed his opinion on why taking an anti-crypto stance is a “really bad political strategy” for American politicians aiming for electoral success in 2024.
Coinbase CEO Brian Armstrong Criticizes Anti-Crypto Stance in Politics
Armstrong's comments came in response to United States Senator Roger Marshall's admission that the American Bankers Association (ABA) played a role in drafting the Digital Asset Anti-Money Laundering Act, popularly referred to as the “crypto ban” bill.
Armstrong outlined five key reasons that support his argument against an anti-crypto position in politics.
The first reason highlighted is that 52 million American citizens currently own cryptocurrencies. Secondly, Armstrong noted that 38% of young people believe cryptocurrency has the potential to increase economic opportunities.
The third point focuses on the impressive performance of cryptocurrency prices, which have increased by 90% year-to-date.
Additionally, Armstrong emphasized the importance of supporting crypto-friendly policies, stating that only 9% of Americans are satisfied with the current financial system.
*This is not investment advice.