According to a blog post by Coinbase, one of the largest crypto exchanges in the US, the future of cryptocurrencies in the country hinges on the outcome of elections and the implementation of policies that uphold fair and responsible regulations for digital currencies.
Since its inception just four months ago, Fairshake has managed to attract an impressive 215,000 supporters who share the vision of favorable cryptocurrency regulations.
Coinbase highlights the significance of the 2024 election, claiming it to be a pivotal moment that will determine the path forward for cryptocurrencies. It will draw a clear distinction between candidates who recognize the need for modernizing the financial system for the benefit of future generations and those who cling to outdated institutions and practices.
Besides backing presidential hopefuls, Fairshake also lends its support to local politicians. The initiative recently rewarded a significant portion of its funding to Patrick McHenry, Chairman of the House Financial Services Committee. However, McHenry’s decision to retire in 2025 has raised questions regarding whether the funds were returned to the initiative.
A recent study conducted by Coinbase has revealed that an increasing number of young Americans view embracing new opportunities, including cryptocurrencies, as an integral part of achieving the American Dream.
US presidential candidate Vivek Ramaswamy consistently emphasizes the inclusion of cryptocurrencies in his political agenda, claiming that they will empower the American people and grant them freedom.