- Coinbase CEO Brian Armstrong endorsed a U.S. strategic Bitcoin reserve, emphasizing crypto’s role in economic freedom.
- Armstrong proposed steps like pro-crypto regulations, Bitcoin reserves, and economic zones for digital assets.
- Multiple U.S. states are exploring Bitcoin reserves as Trump’s second term brings renewed focus on crypto.
Coinbase, the largest crypto exchange in the U.S., has publicly endorsed the idea of creating a strategic Bitcoin reserve, marking its first official stance on the concept. CEO Brian Armstrong shared his thoughts in a blog post, emphasizing the role of cryptocurrency in promoting economic freedom.
Armstrong’s Vision for Crypto and Economic Freedom
In his blog, Armstrong called on world leaders to embrace cryptocurrency as a tool for driving economic growth. He highlighted free-market capitalism, deregulation, and innovation as key factors in fostering prosperity. He also outlined four steps for governments: passing pro-crypto regulation, establishing a Bitcoin reserve, creating economic zones for digital assets, and improving government efficiency through initiatives like Elon Musk’s Department of Government Efficiency (DOGE).
Coinbase’s Role in Pro-Crypto Advocacy
Coinbase has long been a vocal proponent of clear crypto regulation, advocating for a transparent market structure under the oversight of the SEC and CFTC. Recently, the exchange introduced Bitcoin loans for U.S. users, further solidifying its commitment to expanding access to cryptocurrency.
Strategic Bitcoin Reserve Gaining Momentum
As Donald Trump’s second inauguration approaches, the idea of a strategic Bitcoin reserve is gaining traction across the U.S. Multiple states have already proposed or expressed support for initiatives aimed at integrating Bitcoin into their financial systems, signaling a broader shift in the nation’s approach to crypto.
