Coinbase's big election bet is about to be tested
Publishing timestamp: 2024-11-05 14:00:28
Summary
Coinbase has become a major donor in the political landscape, supporting candidates that align with its pro-crypto agenda. The company is heavily involved in Washington, D.C., and is focused on building relationships with lawmakers to create favorable regulations for the crypto industry. Other crypto firms, such as Ripple Labs, are also heavily involved in political donations. The article highlights the growing influence of the crypto industry in politics and the efforts of companies like Coinbase to shape legislation in their favor.
Sentiment: MIXED
Tickers: COIN,
Keywords: fintech, brian armstrong, elections, cryptocurrency, breaking news: politics, politics, kamala harris, government and politics, energy, washington, bitcoin, technology, coinbase global inc, business news, donald j. trump,
Source: https://www.cnbc.com/2024/11/05/coinbases-big-election-bet-is-about-to-be-tested.html