What was the impact of the US election on Coinbase's stock price?

Coinbase's stock soared 31% after the US election, largely due to the success of pro-crypto candidates supported by Coinbase's PAC, Fairshake. This win is seen as a major victory for the crypto industry and its lobbying efforts.

How has Brian Armstrong's involvement in politics changed over time?

Brian Armstrong, Coinbase's CEO, has significantly increased his engagement in Washington politics, advocating for clearer crypto regulations. He believes that being anti-crypto is bad politics and has invested heavily in supporting pro-crypto candidates.

How much money was spent by the crypto industry to influence the election?

Around \$40 million in crypto funds were used to support candidates favorable to the crypto industry, with one example being the campaign of Bernie Moreno, a blockchain entrepreneur who won his Senate race. His victory contributed to the Republican majority in the Senate.

What was the extent of Coinbase's financial contribution to the election and future political campaigns?

Coinbase's political action contributed over \$75 million to support pro-crypto candidates in the 2024 elections and pledged another \$25 million for the 2026 midterms. This significant financial investment highlights their strategic commitment to shaping the regulatory landscape for cryptocurrencies.

What is Coinbase's current legal situation with the SEC, and how do they hope the election results will impact it?

Coinbase's legal battle with the SEC is ongoing, and the company hopes the new, more crypto-friendly Congress will lead to more constructive dialogue and regulation instead of continued legal battles. The company's post-election stock surge partially offsets recent disappointing financial results.

Coinbase Wins Big in US Elections

cnbc.com

Coinbase's stock skyrockets after pro-crypto candidates win US elections, highlighting the industry's growing political influence.

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United States

PoliticsUs PoliticsElectionInvestmentFinanceCrypto

CoinbaseFairshakeSecStand With Crypto Alliance

Brian ArmstrongBernie MorenoSherrod BrownGary GenslerDonald Trump

What was the impact of the US election on Coinbase's stock price?: Coinbase's stock soared 31% after the US election, largely due to the success of pro-crypto candidates supported by Coinbase's PAC, Fairshake. This win is seen as a major victory for the crypto industry and its lobbying efforts.
How has Brian Armstrong's involvement in politics changed over time?: Brian Armstrong, Coinbase's CEO, has significantly increased his engagement in Washington politics, advocating for clearer crypto regulations. He believes that being anti-crypto is bad politics and has invested heavily in supporting pro-crypto candidates.
How much money was spent by the crypto industry to influence the election?: Around \$40 million in crypto funds were used to support candidates favorable to the crypto industry, with one example being the campaign of Bernie Moreno, a blockchain entrepreneur who won his Senate race. His victory contributed to the Republican majority in the Senate.
What was the extent of Coinbase's financial contribution to the election and future political campaigns?: Coinbase's political action contributed over \$75 million to support pro-crypto candidates in the 2024 elections and pledged another \$25 million for the 2026 midterms. This significant financial investment highlights their strategic commitment to shaping the regulatory landscape for cryptocurrencies.
What is Coinbase's current legal situation with the SEC, and how do they hope the election results will impact it?: Coinbase's legal battle with the SEC is ongoing, and the company hopes the new, more crypto-friendly Congress will lead to more constructive dialogue and regulation instead of continued legal battles. The company's post-election stock surge partially offsets recent disappointing financial results.

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