The CEO of the cryptocurrency exchange Coinbase, Armstrong, has announced his preference in the U.S. elections.

Brian Armstrong, the founder and CEO of Coinbase, announced that he openly supports Republican candidates who back the cryptocurrency market in the upcoming U.S. Senate elections in November. With this move, Armstrong emphasized the influence of the crypto sector in politics and called on voters to support specific candidates.

Brian Armstrong Has Started to Take an Active Role in the Political Arena

Brian Armstrong, co-founder and CEO of the cryptocurrency exchange Coinbase, has announced his support for certain Republican candidates in the upcoming Senate elections in the U.S. Armstrong is particularly backing those who have a positive approach to the cryptocurrency market.

Recently, Armstrong shared on the X platform (formerly known as Twitter), highlighting lawyer John Deaton, a cryptocurrency and Ripple supporter running for office in Massachusetts, and former Bridgewater Associates CEO David McCormick, who is competing in Pennsylvania. The Coinbase CEO addressed voters in Pennsylvania, urging them to vote for McCormick, stating, "He is the most knowledgeable candidate on crypto issues, vote for him."

Armstrong also directed criticism at Senator Elizabeth Warren from the Democratic Party. He claimed that Warren has led efforts to weaken the crypto sector by appointing SEC Chairman Gary Gensler, and for this reason, he stated that he supports Warren's Republican rival, Deaton.

It has been observed that Armstrong, who previously defined company policies as "apolitical," has recently begun to take a more active role in the political arena. Coinbase's advocacy project called "Stand With Crypto" announced that it would support candidates who back crypto-friendly policies in the U.S. Congress.

These developments indicate that the increasing interest of Coinbase's CEO and the company in politics could play a significant role in shaping the future of cryptocurrencies. Although Armstrong avoids taking sides in the presidential race, he has taken a clear stance in the Senate elections.