The statement from the Coinbase CEO represented a shift from 2020, when he said in a blog post that supporting particular causes or candidates was a 'distraction.'
to “advance pro-crypto policy in all 435 Congressional Districts across the U.S.” with the launch of the Crypto435 campaign.
"When you think about 20% of Americans being in crypto [...] These are real voters that can make the difference if they show up to vote," said Coinbase’s head of U.S. policy Kara Calvert. It’s unclear if the SEC intends to pursue enforcement action against Coinbase despite the Wells Notice. On Twitter Spaces, Armstrong renewed calls for listeners to
to the financial regulator arguing that staking would not qualify as a security subject to its enforcement.
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