(Reuters) – The next U.S. administration will be “constructive” on crypto regardless of which party wins, Coinbase CEO Brian Armstrong said late on Thursday, underscoring the industry’s growing political influence ahead of the November election.
The highly volatile crypto sector is seen as a risky fringe industry and has drawn intense scrutiny from the U.S. Securities and Exchange Commission, which has accused it of flouting securities laws.
But support from Wall Street institutions and corporate titans like Elon Musk and the approval of U.S. exchange-traded crypto funds have boosted its mainstream appeal. The Republican and Democratic parties have also acknowledged the industry’s growing clout in recent weeks.
“(Crypto) advocates are making their voices heard as an important voting bloc. Politicians on both sides of the aisle have taken notice,…
