Odaily News Coinbase CEO Brian Armstrong pointed out that U.S. SEC Chairman Gary Gensler and Senator Elizabeth Warren were the reasons why Democratic candidate Harris lost the 2024 U.S. presidential election. His remarks indicate that the Biden administration's cryptocurrency regulation, led by Gensler and Warren, has hurt the Democratic Party's chances of winning the election. Armstrong said that the actions of Gensler and Warren have had a negative impact on the cryptocurrency sector, which is supported by the technology industry and young people. The rigid stance on cryptocurrencies, especially the regulatory environment under Gensler's leadership, has caused many innovators and technology supporters to turn against the Biden administration. (CoinGape)