<p><strong>Coinbase Global Inc.</strong> (NASDAQ:COIN) CEO <strong>Brian Armstrong</strong> celebrated the inaugurations of <strong>Abigail Spanberger</strong> as Governor of Virginia and <strong>Mikie Sherrill </strong>as Governor of New Jersey, framing it as a win for pro-cryptocurrency politicians</p>



<h2>Armstrong Congratulates ‘Pro-Crypto’ Advocates</h2>



<p>In an X post, Armstrong congratulated the new governors, describing it as a “milestone moment” for pro-cryptocurrency advocates in office.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote><p lang="en" dir="ltr">Another milestone moment for pro-crypto advocates taking office. <br/><br/>Congrats @spanbergerforVA and @mikiesherrill on your inaugurations. Great to see so many pro-crypto advocates in office across the country!</p>— Brian Armstrong (@brian_armstrong) January 20, 2026</blockquote>
</div></figure>



<h2>Spanberger’s Complex Stance On Crypto Policy</h2>



<p>Spanberger made history last year, defeating Republican nominee <strong>Winsome Earle-Searsto</strong> to become Virginia’s first female governor.</p>



<p>Her positions show a mixed record on cryptocurrency issues. As a House Representative, she voted in favor of the pro-cryptocurrency FIT21 bill but went against the CBDC Anti-Surveillance State Act, which aimed to prohibit central bank digital currencies.</p>



<h2>Sherrill Supported The House Clarity Act</h2>



<p>Sherrill emerged victorious last year, defeating Republican <strong>Jack Ciattarelli</strong> to become the first female Democrat to serve as Governor of New Jersey. </p>



<p>Like Spanberger, Sherill voted in favor of the FIT21 bill but opposed the Anti-CBDC Act. She also voted in support of the CLARITY Act, a bill that seeks to establish a clear regulatory framework for cryptocurrency markets.</p>



<h2>Coinbase Champions Crypto Regulatory Framework</h2>



<p>Armstrong has been actively engaging with the White House and Congress to advance the cryptocurrency market structure bill, the Senate’s version of the CLARITY Act.</p>



<p>Notably, Coinbase withdrew its support for the cryptocurrency market structure bill, hours before lawmakers were set to vote on the legislation. The withdrawal led to an indefinite postponement of the bill’s markup.</p>



<p>Despite the legislative fallout, Armstrong said that the White House has been “super constructive” and has even asked Coinbase to engage in negotiations with banks.</p>



<p><strong>Price Action</strong>: Coinbase shares fell 0.32% in after-hours trading after closing 5.57% lower at $227.73 during Tuesday’s regular trading session, according to data from Benzinga Pro. </p>



<p>The stock maintains a stronger price trend over the short, medium, and long terms with a very high Growth ranking, according to Benzinga’s Edge Stock Rankings.</p>



<p><em>Photo Courtesy: Thrive Studios ID on Shutterstock.com</em></p>



<figure class="wp-block-image size-full"></figure>

<p>Coinbase CEO Brian Armstrong celebrated the inaugurations of Abigail Spanberger and Mikie Sherrill as governors of Virginia and New Jersey, respectively, viewing it as a significant win for pro-cryptocurrency advocates. Both governors have shown mixed support for cryptocurrency legislation, backing the FIT21 bill while opposing the Anti-CBDC Act. Armstrong has been actively engaging with lawmakers to advance cryptocurrency regulatory frameworks, despite recent setbacks with the market structure bill. Coinbase shares fell 0.32% in after-hours trading following a 5.57% decline during the regular session.</p>

- Coinbase CEO Brian Armstrong applauded the inauguration of Abigail Spanberger and Mikie Sherrill, viewing it as a victory for pro-cryptocurrency leaders.  
- Spanberger and Sherrill have shown mixed records on cryptocurrency policy, supporting the FIT21 bill while opposing the Anti-CBDC Act.  
- Armstrong continues to advocate for a regulatory framework for cryptocurrencies, despite Coinbase's recent withdrawal of support for the cryptocurrency market structure bill, which delayed its markup.

benzinga_article

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New Governors Abigail Spanberger, Mikie Sherrill Congratulated By Brian Armstrong: Coinbase CEO Calls It 'Another Milestone' For Pro-Crypto Advocates