Coinbase CEO Brian Armstrong has highlighted that American voters are increasingly prioritizing a candidate’s stance on cryptocurrency when making their voting decisions.
“Are you going to be a continuation of these existing policies that have been unnecessarily hostile, or are you going to allow this technology to flourish and ensure America’s leadership as a technology hub?” Armstrong stated in an interview.
Brian Armstrong Believes Crypto Will Be A Top Priority
In a recent interview, Armstrong emphasized that politicians in the United States fail to grasp the extent of crypto’s influence.
“I don’t think everybody in DC actually fully realizes how powerful the crypto voting block is. And I think 2024 is an election where the voters of America are really going to hold candidates feet to the fire and say, what is your position on crypto?”
Armstrong hesitated to endorse or reveal who he will be voting for. However, he did allude to the ones that are in the running are the ones that are talking about cryptocurrency. “And as far as I can tell, all of their comments have been positive,” Armstrong added.
He adds that crypto-supporting politicians view it as a chance to contest Biden’s policies. These policies have stirred mixed reactions within the crypto community. “I think this could become a hot topic in the presidential race in 2024,” Armstrong further stated.
Armstrong Gives His Approval to Stablecoins
Armstrong also discussed stablecoins, expressing his belief that they represent a highly significant advancement for the global financial system.
“It’s the most important technology out there to update the financial system. We’ve seen that 67% of Americans think that the financial system is in need of a major update,” Armstrong explains, arguing that it will not deter other crypto’s:
“We’re going to have decentralized cryptocurrencies like Bitcoin. We’re going to have things like Ethereum that are building new application platforms on top that are totally decentralized. But if we need to get people– sometimes you have to meet people where they are.”
Armstrong reaffirms that it allows the US dollar to continue operating within the crypto ecosystem, contributing to global economic efficiency. “So these things are all going to help the crypto ecosystem grow and get to that decentralized vision.”
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Source: https://beincrypto.com/united-states-voters-politician-crypto-brian-armstrong/