It has been revealed that Brian Armstrong has something important to say about the crypto space and the things that are happening before the 2024 elections. Check out the latest reports below.

Crypto space before elections

In an interview with Ryan Selkis, the founder of market intelligence firm Messari, Brian Armstrong, the CEO of Coinbase, a leading US-based digital asset exchange, stated that crypto lobbying needs to be strengthened before the 2024 election.

Armstrong believes that the crypto industry within the US is facing an “unfair” regulatory environment due to the actions of certain government members, which is hindering its growth and development.

This year, we’ve had to focus on policy issues, just like many others in the industry. Unfortunately, it’s an unfair environment for startups, as many are facing subpoenas or Wells notices.

It seems like there’s a concerted effort to put an end to the industry.

The SEC Chair, Gary Gensler, and Senator Elizabeth Warren seem to be the driving forces behind this trend. However, it’s important to note that their views may not reflect those of other government officials.

In order to make a positive impact on regulatory policies, it is important for the industry to increase their lobbying efforts before the 2024 elections. This is a critical time to advocate for a fairer future for startups operating in this space.

It should be noted that the views expressed by some individuals do not necessarily reflect those of the rest of the US government officials. Members of Congress are thoughtful, reasonable and recognize the potential for innovation in this industry. They aim to protect consumers with sensible regulations.

It is imperative that the SEC is not used as a political tool by a few rogue actors. To prevent this from happening, the crypto industry needs to up its game and become more sophisticated and powerful in terms of lobbying efforts.

Coinbase launched a 14-month initiative this month called “Stand With Crypto,” which encourages digital asset owners to contact their representatives and advocate for pro-crypto laws.

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