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Coinbase CEO, Brian Armstrong, has backed Republican Senate candidates known for their crypto interest in the US elections. He supported lawyer John Deaton in Massachusetts and ex-Bridgewater Associates CEO, David McCormick in Pennsylvania. Armstrong appeared to criticize Democrat Senator Elizabeth Warren for her skepticism towards crypto. However, he’s refrained from endorsing a presidential candidate. Earlier this year, Armstrong indicated hope for more crypto open-mindedness from any future US administration. Coinbase began officially endorsing political candidates through its Stand With Crypto advocacy project in May.

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In the recent US elections, Brian Armstrong, the boss at Coinbase, personally endorsed a few Republican Senate hopefuls. He backed these candidates as they are known for their interest in cryptocurrencies.

Among these, he’s thrown his weight behind lawyer John Deaton who’s a fan of XRP, and ex-CEO at Bridgewater Associates, David McCormick. Both of these candidates are vying for Republican seats – Deaton in Massachusetts and McCormick in Pennsylvania.

Armstrong suggests that if you’re living in Pennsylvania, David McCormick should get your vote since he’s the more pro-crypto contender. A shared poll supports this with a stronger backing for McCormick.

It’s not just about voting strategy though. The Coinbase CEO also took a dig at Elizabeth Warren, longtime Democratic Senator, known for her lack of faith in crypto. Warren appointed Gary Gensler as head of the US Securities and Exchange Commission, who Armstrong believes has tried to cripple the crypto industry. Luckily, Armstrong says, they’ve managed to fight back. Warren, he suggests, is against freedom, wants all financial services to be run by the government (similar to China), and has done a lot of damage to the country.

That’s not to say Armstrong is taking sides in every election race. While he’s been keen to back Senate candidates favoring Republican, he’s kept quiet about which Presidential candidate he prefers.

Earlier in the year, he gave some hope that the next US administration, no matter the party, would be more open-minded on cryptocurrencies.

Taking a historical view, Coinbase has always tried to potentially stay out of politics. Yet things have changed. Coinbase’s crypto advocacy project, Stand With Crypto, officially began endorsing political candidates in May this year. Their purpose? To further common-sense crypto policy in both the Senate and the House.

Source: Cointelegraph