Coinbase and MicroStrategy reported quarterly earnings Thursday afternoon. While the numbers were a mixed bag of sorts for both companies, attention on their conference calls turned to a familiar issue – the 2024 presidential election.

Coinbase CEO Brian Armstrong was asked about Donald Trump’s speech at Bitcoin 2024 and what four more years of Democratic leadership might mean for cryptocurrency’s regulatory environment.

“Crypto is really nonpartisan,” Armstrong said. “There are really strong champions on both sides of the aisle at this point and a few skeptics by the way, on both sides of the aisle, but it's predominantly, I'd say, supporters at this point.”

Earlier this week, Bernstein analysts also said crypto is no longer a bipartisan issue, and Bitcoin-related stocks are set to …