Coinbase CEO Brian Armstrong shared his predictions about the role of cryptocurrency in the upcoming elections in the United States and said that representatives in Washington, D.C. do not fully understand the electoral power of the crypto community in the upcoming race.I don't think everyone in Washington is fully aware of how powerful the block of the crypto voting community is. And I think the year is 2024, when the American electorate is going to really keep the candidates updated and say, what's your position on cryptography? I think they have a choice to say.Armstrong said in a recent interview with Yahoo Finance: According to Armstrong, about 56 million people in the United States were already using cryptocurrencies. This is 5 times more than electric vehicles, just for one example. We are also voters, he said. He believes that he believes The Decadence between the current crypto policy and the needs of Americans will make cryptocurrencies a hot topic in 2024. Indeed, presidential candidates are actively talking about cryptocurrency. Florida Governor Ron Desantis has promised to ban the central bank's (CBDC) digital currencies if he is elected president. Robert F. Kennedy Jr.is He is also against exploring the concept of digital dollars. And Kennedy Jr. both Desantis and have cited privacy concerns as reasons for their positions. However, the candidates have adopted a campaign strategy that focuses on crypto. According to a recent report from crypto asset manager Grayscale, there will probably be a CBDC supporter in the White House. Joe Biden and Donald Trump, who are ahead of their respective parties in the 2024 presidential election, have a positive view of the CBDC's work. that's what the analysis says.Coinbase has lobbied in Washington DC to create an open regulatory framework in the crypto space. Congress is currently actively discussing bipartisan bills that could finally set rules for crypto trading and users across the country. But legislation is not the only option for crypto companies, Armstrong said, pointing to the possibility of appointing a new chairman for the Securities and Exchange Commission (SEC) in 2024. I also think there is a possibility that they will have another place in 2024 or later, he suggested, referring to a possible replacement for Gary Gensler. In June, the SEC sued Coinbase for alleged violations of security laws, alleging that some tokens traded on the exchange are securities.Magazine: Deposit risk: What are crypto exchanges really doing to your money?