Coinbase co-founder and CEO Brian Armstrong has thrown his weight behind several Republican candidates ahead of the U.S. general elections slated for next month.
Armstrong declared his support for pro-crypto Senate candidates John Deaton and David McCormick among many others on Sunday. In the X post where he made the public endorsement, Armstrong explained that the reasons that informed his decision and preference for the people in question, are nothing more than the fact that their emergence would be a big win for crypto.
According to him, these candidates are aligned with pro-crypto policies. Therefore, their victory or loss will undoubtedly be critical to the crypto industry’s growth in the United States.
Brian Armstrong Shows Support for Pro-Crypto Candidates Deaton and McCormick
John Deaton, a pro-XRP lawyer, is running for a Senate seat in Massachusetts, while David McCormick is campaigning in Pennsylvania. Armstrong has now advised residents of their states to troop out en masse and cast their votes for both candidates.
Quoting a poll that showed McCormick leading his Democratic rival, Armstrong wrote:
“If you live in Pennsylvania, you should vote for David McCormick. He is the better candidate on crypto.”
Armstrong’s support for Deaton would also be understandable. That is because Deaton is looking to unseat Democratic Senator Elizabeth Warren, who has always been a strong opposition to crypto.
According to the Coinbase CEO, Warren was responsible for appointing Gary Gensler as the Chair of the Securities and Exchange Commission. Not only that. Armstrong also believes that Warren did encourage Gensler to carry out her bidding in trying to “kill the crypto industry” in the U.S.
Remains Neutral on Presidential Race
Despite being vocal about his Senate choices, Armstrong has been loudly silent in terms of picking a side on the presidential scene. He is yet to officially endorse any presidential candidate.The closest he got to making a choice, however, was when he noted that he expects the next U.S. administration to make better choices on crypto. That is, regardless of party.
It might be interesting to note that Coinbase was once known for never getting involved in politics. However, its journey down this lane began in May, when the company floated its “Stand With Crypto” initiative. Since then, Coinbase has continued to endorse candidates who favour pro-crypto legislation in both the Senate and House of Representatives.
