🚀Attention, BTC enthusiasts!🚀 Coinbase CEO Brian Armstrong warns that being anti-crypto could backfire in the 2024 US elections. He believes opposing the technology is a "really bad political strategy," criticizing Senators Elizabeth Warren and Roger Marshall for "lobbying for big banks."

Why? Well, only 9% of Americans are satisfied with the traditional financial system, while 38% of young people think crypto could boost economic opportunities. Over 52 million Americans own and use crypto, and crypto asset prices have skyrocketed by 90% or more year-to-date. Plus, Coinbase's Stand With Crypto initiative has nearly one million supporters!

However, the Digital Asset Anti-Money Laundering Act, introduced by Senator Warren, aims to regulate the crypto industry under the Bank Secrecy Act. This has sparked backlash from the crypto community, who argue it threatens technological progress and attacks privacy and autonomy. Despite this, the bill has received support from several associations, including the Banking Policy Institute and the Massachusetts Bankers Association.

So, will being anti-crypto really hurt politicians in the upcoming elections? Only time will tell! 🕰️