Coinbase CEO calls on countries to establish Bitcoin reserves
Brian Armstrong, CEO of Coinbase, supports the creation of Bitcoin strategic reserves by global leaders. In a blog post, he described cryptocurrencies as the next chapter of capitalism and proposed integrating digital assets into economies by 2025 through crypto-friendly laws and special economic zones. Armstrong suggested that Bitcoin could become as foundational to the global economy as gold and essential for national security. Coinbase has strengthened ties with US lawmakers, contributing over $45 million to the Fairshake political action committee and $1 million to President-elect Donald Trump’s inauguration fund. The Trump administration may prioritize crypto in 2025, potentially including a national Bitcoin reserve. Legal challenges loom for Coinbase as the SEC has filed an enforcement action against it, alleging unregistered operations. Coinbase has also initiated lawsuits against the SEC and FDIC regarding alleged attempts to debank crypto firms.
