Why Coinbase CEO Sees Trump’s Win as the ‘Dawn of a New Crypto Era’
Key Takeaways
- The cryptocurrency industry bet big on the election of Donald Trump, and crypto-assets have rallied in the days since he secured a second term in the White House.
- The industry spent hundreds of millions on advertising and donations to pro-crypto candidates and groups during the 2024 election cycle.
- Crypto companies will likely be looking for Congress to pass crypto legislation, along with new leadership and a friendlier stance at the SEC.
Cryptocurrency assets have surged in the week since Donald Trump was re-elected President, as the industry looked ahead to what Coinbase (COIN) CEO Brian Armstrong on Tuesday called the “dawn of a new crypto era.”
The industry poured hundreds of millions in donations to candidates and…
