A record number of cryptocurrency fans have been elected to the US Congress – CEO of Coinbase

The 2024 US election was a historic victory for the cryptocurrency issue, as a record number of cryptocurrency and blockchain candidates were elected to the House of Representatives and Senate. Coinbase CEO Brian Armstrong writes about it

According to Armstrong, 219 candidates in the newly elected Congress support the cryptocurrency industry, which he says represents significant progress in legitimizing and adopting digital assets at the legislative level.

Political support is expected to play a key role in the future regulation of cryptocurrencies in the United States, including taxation, investor protection and transaction security.

What's wrong with the Bitcoin price

Meanwhile, against the background of the preliminary results of the US presidential elections, according to which Donald Trump was elected as the 47th President of the United States of America, the Bitcoin price reached almost $75,000, setting a new historical record. The previous high of $73,777 was reached in March 2024. As of 1:40 p.m. According to Coinmarketcap, theBitcoin price on November 6th at $74,270.