#Coinbase Enhances Support for Solana#

Coinbase CEO Brian Armstrong has recently made several public statements about the cryptocurrency market and the future of Coinbase. He stated that Coinbase will strengthen its support for Solana, elevating it to the same "tier-one support" level as Bitcoin, Ethereum, and Base. This includes expanding infrastructure and providing native support for common use cases such as DEX and memecoin trading. Furthermore, Armstrong believes Bitcoin can serve as a counterbalance to deficit spending and inflation, predicting that Bitcoin's price will reach millions of dollars. He expects the US to establish clear cryptocurrency regulations and potentially hold Bitcoin as a strategic reserve, driving more institutional investors into the market. He also stated that Coinbase would delist USDT from its US cryptocurrency trading platform if new legislation required it. He believes upcoming US stablecoin regulations might require issuers to fully back their USD-denominated tokens with US Treasury bonds. Meanwhile, Coinbase is addressing Solana transaction delays and assures users that their funds are safe. Coinbase Chief Legal Officer Paul Grewal stated that Coinbase will vigorously defend against BiT Global's frivolous lawsuit and has the right to enforce its regulations, ensuring a safe and reliable trading environment for users.