Biden

Bitcoin

Coinbase CEO Brian Armstrong believes the forthcoming US presidential elections could play a pivotal role in the regulations of the crypto industry. We have been penning specific articles about this topic for weeks, stating that politicians may adopt a different strategy next year. A significant portion of millions of cryptocurrency investors are within the US, and the SEC, which seizes these people’s money, is also causing resentment against Biden to rise.&nbsp; 
<h2 style="text-align: justify" id="span-data-contrast-auto-crypto-bull-run-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">Crypto Bull Run&nbsp;</h2> 
Candidates grasp onto any argument that could help them gain votes during elections. Crypto seems to be positioned to experience this in the upcoming US elections. The defiant submission of a spot <a href="https://en.coin-turk.com/cryptocurrency-analyst-warns-against-overcaution-at-market-lows/" data-wpel-link="internal">Bitcoin</a> ETF application by BlackRock, which holds considerable political clout, particularly on the days when the SEC targeted two giant exchanges, should be taken seriously.&nbsp; 
<img decoding="async" loading="lazy" class="aligncenter wp-image-85796 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/06/elections.png" alt="" width="1338" height="658" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/elections.png 1338w, https://en.coin-turk.com/wp-content/uploads/2023/06/elections-300x148.png 300w, https://en.coin-turk.com/wp-content/uploads/2023/06/elections-768x378.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/elections-1200x590.png 1200w" sizes="(max-width: 1338px) 100vw, 1338px"> 
Considering all these, the US elections could mean that the stranglehold on crypto may be released by the regulators.&nbsp; 
<h2 style="text-align: justify" id="span-data-contrast-auto-us-elections-2024-and-crypto-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">US Elections 2024 and Crypto&nbsp;</h2> 
Speaking at a conference in New York today, Armstrong said that a new lawsuit brought against the exchange by the US Securities and Exchange Commission (SEC) could ultimately provide more regulatory clarity for the industry as the lawsuit progresses in court.&nbsp; 
<blockquote> 
 Frankly, the 2024 elections are also a factor here. Being anti-crypto is not politically popular right now, and whether it’s in administration, parties, or the SEC chair, we are going to see a potential shift here. 
</blockquote> 
If Coinbase’s CEO is proven right, the 2024 bull run could be supported by dozens of potential developments, including crypto-friendly moves brought about by the US elections.&nbsp; 
Armstrong also touched on the lawsuit the SEC filed against rival exchange <a href="https://en.coin-turk.com/us-regulatory-shake-up-in-crypto-sector-impact-and-response-from-binance-and-coinbase/" data-wpel-link="internal">Binance</a>.&nbsp; 
<blockquote> 
 As we have seen other sanction actions – I must remind people, we are working on a legal issue with the SEC, which is a technical issue of what is a commodity and what is a security, courts can help gain clarity there. The other issue we see is different. There are criminal matters. Allegations like illegal trade, funds being mixed. None of these apply to Coinbase. 
</blockquote> 
Meanwhile, it should be mentioned that the SEC could not prove that the funds were mixed or moved outside the US.&nbsp; 
The post <a rel="nofollow" href="https://en.coin-turk.com/coinbase-ceo-predicts-us-elections-could-benefit-crypto-regulations/" data-wpel-link="internal">Coinbase CEO Predicts US Elections Could Benefit Crypto Regulations</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Coinbase CEO Predicts US Elections Could Benefit Crypto Regulations

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