Brian Armstrong, CEO of Coinbase, has advocated for the creation of a U.S. Strategic Bitcoin Reserve in a blog post shared exclusively with Axios, just ahead of Donald Trump’s second inauguration.
| Key Takeaways: – Coinbase CEO Brian Armstrong advocates for a U.S. Strategic Bitcoin Reserve, highlighting Bitcoin’s growing role in global economic competition. – Several U.S. states, including Texas, Pennsylvania, and Massachusetts, are exploring the idea of establishing Bitcoin reserves. |
Armstrong, at the helm of the nation’s largest cryptocurrency exchange, emphasized the critical role Bitcoin is playing in global economic competition and called on the U.S. to consider Bitcoin as part of its Strategic Bitcoin Reserve. The Coinbase CEO has also held private discussions with Trump about cryptocurrency.
Armstrong’s suggestion comes amid growing discussions across U.S. states such as Texas, Pennsylvania, and Massachusetts, which are exploring the possibility of establishing Bitcoin reserves. Wyoming has already taken steps, with House Bill 0201 proposing state investments in Bitcoin.
Coinbase, valued at $73 billion, has become an influential player in Washington’s cryptocurrency policy landscape. The company backs Fairshake, a political action committee focused on Congressional elections, and Stand With Crypto, an advocacy group with over two million members.
Faryar Shirzad, Coinbase’s policy chief, reiterated the importance of clear market structures, particularly regarding the roles of the CFTC and SEC in regulating digital assets.
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
