Coinbase CEO: Donald Trump’s Effect on Crypto Industry Will Be ‘Undeniable’ and ‘Global’

• Coinbase CEO sees Trump’s second term as pivotal for the crypto industry.
• Brian Armstrong believes Trump’s presidency will draw in more crypto investors.
• Coinbase was a major corporate donor in the recent U.S. elections.

Coinbase CEO Brian Armstrong isn’t holding back his optimism about Donald Trump’s second term, predicting it will have a seismic impact on the global crypto industry.

Speaking at the World Economic Forum in Davos, Armstrong highlighted the potential for Trump’s presidency to catalyze a wave of new investment in the crypto sector.

Trump’s Term to Spark Crypto Investment Boom

Armstrong firmly believes Trump’s return to the White House will usher in a new era of crypto clarity, attracting both capital and investors globally.

“The Trump effect cannot be denied. To have the leader of the largest GDP country in the world come out undeniably and say that he wants to be the first crypto president,” Armstrong said.

He pointed to Trump’s staunch support for the crypto industry as a signal of a more favorable legislative environment, which could spur widespread adoption of crypto in the U.S. and beyond.

Armstrong also linked the recent Bitcoin (BTC) surge past $100,000 to the so-called “Trump effect,” predicting continued growth and interest as Trump’s pro-crypto stance solidifies.

Crypto Industry’s Next Chapter Under Trump

Despite Armstrong’s bullish outlook, the crypto community felt let down by Trump’s inauguration speech.

Industry hopes were high that Trump would champion crypto and issue executive orders supporting the industry, but the president made no mention of Bitcoin or digital assets.

Insiders suggest that while crypto might not be Trump’s immediate priority, there’s hope in the pro-crypto interim appointments at key regulatory bodies like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

Coinbase’s Role in the Political Arena

Coinbase, a major player in the crypto ecosystem, was a significant donor in the recent U.S. elections, backing pro-crypto candidates. Armstrong’s comments at Davos reflect the company’s deep investment in shaping the future of crypto regulation.

As North America’s leading crypto exchange and the first to go public, Coinbase has been entangled in legal battles with the SEC.

The company hopes the Trump administration’s pro-crypto appointments will lead to a more favorable regulatory landscape, potentially easing the pressure from what it sees as baseless lawsuits.

With Trump back in the driver’s seat, Armstrong and Coinbase are betting on a bright future for crypto under the new administration.