{"id":98604,"date":"2024-10-31T04:49:08","date_gmt":"2024-10-31T08:49:08","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=98604"},"modified":"2024-10-31T04:49:15","modified_gmt":"2024-10-31T08:49:15","slug":"brian-armstrong-support-pro-crypto-policies","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/brian-armstrong-support-pro-crypto-policies\/","title":{"rendered":"Brian Armstrong Pledges Support for Pro-Crypto Policies Post U.S. Elections"},"content":{"rendered":"\n

Coinbase CEO Brian Armstrong pledged ongoing support for pro-crypto policies<\/a> after the U.S. elections, with a $25 million donation to Fairshake PAC to bolster crypto-friendly candidates in Congress.<\/p>\n\n\n\n

\"Brian
Brian Armstrong Pledges Support for Pro-Crypto Policies Post U.S. Elections<\/figcaption><\/figure>\n\n\n\n

Following the U.S. elections, Brian Armstrong, CEO of Coinbase, declared that he would persist in advocating for crypto-friendly policies. He emphasized that efforts to establish U.S. laws favorable to cryptocurrency after the November elections will continue.<\/p>\n\n\n\n

Additional $25 million in Support for Fairshake PAC<\/h2>\n\n\n\n

Coinbase has committed a new donation of $25 million to Fairshake PAC to provide support to pro-crypto candidates. This initiative aims to increase cryptocurrency advocacy in Congress and amend regulations in the United States to be more favorable to cryptocurrency by the 2026 midterm elections.<\/p>\n\n\n\n

Rise in Political Spending<\/h2>\n\n\n\n

This action increases Coinbase's aggregate political expenditures to $75 million. Armstrong also expressed their endorsement of the Stand with Crypto (SWC) advocacy group, which is committed to enlisting 4 million members by 2026.<\/p>\n\n\n\n

The crypto sector<\/a> is dedicated to establishing a sustainable coalition in order to lead consumer-protective regulations, according to Josh Vlasto, spokesperson for Fairshake. He further stated that they are striving to guarantee that the United States continues to be a leader in technology and employment.<\/p>\n\n\n\n

New Collaboration with Visa<\/h2>\n\n\n\n

Coinbase now allows users to instantaneously load funds onto their bank cards due to a recent partnership with Visa. This new feature enables users to conduct transactions at any time of day or night.<\/p>\n\n\n\n

Coinbase's most recent quarterly report revealed that revenues fell short of expectations due to a decrease in transaction volumes\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, which resulted in a 27% decrease in associated fees. Nevertheless, they could diversify their revenue streams by expanding their staking, USDC transactions, and custody services.<\/p>\n","protected":false},"excerpt":{"rendered":"

Coinbase CEO Brian Armstrong pledged ongoing support for pro-crypto policies after the U.S. elections, with a $25 million donation to Fairshake PAC to bolster crypto-friendly candidates in Congress. Following the U.S. elections, Brian Armstrong, CEO of Coinbase, declared that he would persist in advocating for crypto-friendly policies. He emphasized that efforts to establish U.S. laws […]<\/p>\n","protected":false},"author":36,"featured_media":98606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[1091,22634,22633],"class_list":["post-98604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-brian-armstrong","tag-pro-crypto-policies","tag-u-s-elections-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/10\/210414095756-coinbase-ceo-brian-armstrong-file-restricted.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/98604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=98604"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/98604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/98606"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=98604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=98604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=98604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}