Coinbase CEO, Other Crypto Insiders Billions Richer After Seeking to Steer Elections

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CoinDesk 1d ago

Coinbase CEO, Other Crypto Insiders Billions Richer After Seeking to Steer Elections - CoinDesk

Quick Summary:

Brian Armstrong, the Coinbase boss, already cleared an extra $129 million in personal stock sales over the pre-election price, and his stake in the company is up over $2 billion.

Virtually all of them became more valuable as the U.S.executive branch will be run by Trump, who says he'll be the crypto president, and the 535-member Congress includes some 300 predicted to be supportive of digital assets — including the dozens just supported by Fairshake in their elections.

And Fairshake's political influence was based almost entirely on money from Coinbase and the partner companies, plus smaller amounts from Jump Crypto and Gemini.