Coinbase CEO Brian Armstrong Responds to Pro-Crypto Shift in U.S. Election

In the wake of the U.S. election on November 5, Coinbase CEO Brian Armstrong has publicly acknowledged the results, which saw big wins for crypto-friendly candidates.

Trump’s Election Win

Former President Donald Trump, a Republican, returned to office, joined by Senator Bernie Moreno, a pro-crypto Republican who unseated Democrat Sherrod Brown in Ohio. Known for his stance on crypto crackdowns, Brown’s defeat signals a potential shift in regulatory attitudes toward digital assets. Armstrong noted this development on X.

“Washington, DC received a clear message that being anti-crypto is a good way to end your career,” Armstrong remarked, interpreting the election as a reflection of public dissatisfaction with the existing financial system. Armstrong attributed this sentiment to voters’ desire for reform, viewing the results as an indicator of mainstream support for innovation and alternatives within the financial sector.

Elizabeth Warren Retains Seat

Despite these wins for crypto proponents, prominent crypto skeptic Senator Elizabeth Warren retained her seat with a commanding majority, securing nearly 60% of the vote. Warren’s re-election marks her third term in the Senate and maintains her place as one of the industry’s most vocal critics.

Her Republican challenger, cryptocurrency lawyer John Deaton, displayed his support for digital assets throughout his campaign but ultimately fell short. Warren’s victory underscores that opposition to crypto remains influential, particularly within Democratic strongholds.

Armstrong, however, remains optimistic about the growing acceptance of digital assets in the U.S. policy landscape. He views the successes of Trump and Moreno as part of an evolving political shift that acknowledges crypto’s staying power.

“Crypto is here to stay from a policy perspective,” Armstrong affirmed, underscoring Coinbase’s ongoing commitment to securing legislative protections for both consumers and industry stakeholders.

Fairshake PAC Gains Momentum for 2026 Midterms

Armstrong also revealed that both Coinbase and the venture capital firm Andreessen Horowitz (a16z) have contributed additional funds to Fairshake, a pro-crypto super political action committee (PAC). With $78 million in funds now at its disposal, Fairshake is set to further advance pro-crypto political advocacy in the 2026 midterm election.

According to Armstrong, the PAC’s focus will be on building a regulatory environment that supports innovation in the U.S. while protecting consumers from potential risks. “We are going to keep showing up until we see sensible legislation,” he stated.