PANews reported on November 7 that according to The Block, Coinbase CEO Brian Armstrong said after the US election on November 5 that "cryptocurrency will survive from a policy perspective." In this election, Donald Trump, a Republican who supports crypto, was elected president, and Senator Bernie Moreno, who supports crypto, also defeated Senator Sherrod Brown, who had called for a crackdown on cryptocurrencies.
Armstrong pointed out that the election sent a clear message to Washington that those who oppose cryptocurrencies will lose voter support, especially against the backdrop of increasing demand for financial system reform. At the same time, the crypto-friendly super PAC Fairshake has raised a total of $78 million for the 2026 midterm elections. Despite this, Senator Elizabeth Warren, a well-known crypto critic, was successfully re-elected, winning nearly 60% of the votes, defeating her Republican opponent John Deaton, who supports crypto. Armstrong emphasized that Coinbase and a16z will continue to promote crypto-friendly policies and work to protect consumer and industry interests.
