The 2024 US election has brought substantial shifts in the crypto policy landscape, with Coinbase CEO Brian Armstrong expressing optimism for regulatory change and industry growth. With Donald Trump poised to return to the White House and the Republican Party gaining control of the Senate and potentially the House, advocates like Armstrong foresee favorable changes for the digital assets sector. Following the election, Bitcoin's price surged over $75,000, fueled by expectations of regulatory clarity and potential reforms at the SEC. Armstrong noted significant victories for pro-crypto candidates, asserting this Congress as the most pro-crypto ever and linking Bernie Moreno’s win in Ohio to crypto supporters. He highlighted a trend towards economic freedom and limited government intervention, which he believes are crucial for the crypto industry. Meanwhile, Trump has indicated that he may seek to replace SEC Chair Gary Gensler, who has enforced strict regulations impacting companies like Coinbase. These developments suggest a potential shift toward a more favorable environment for cryptocurrency under the new administration.

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