#Coinbase Enhances Support for Solana#

Coinbase CEO Brian Armstrong has recently expressed support for Solana on multiple occasions, stating that the company will enhance its support for the network, including expanding infrastructure and providing native support for common use cases like DEX and memecoin trading. Coinbase's goal is to elevate Solana support to the same "tier one" level as Bitcoin, Ethereum, and Base. Previously, Coinbase faced criticism from users due to Solana transaction backlog issues, but Armstrong stated that the problems have been addressed, and users can retry cancelled transactions. Furthermore, Armstrong expressed bullishness towards Bitcoin, believing it can effectively counterbalance deficit spending and inflation, and predicting its price to reach millions of dollars. He also revealed that President Trump was enthusiastic about establishing a strategic Bitcoin reserve, and that if the U.S. holds Bitcoin, G20 nations will follow suit. However, Coinbase is also facing regulatory pressures. Armstrong stated that Coinbase will delist stablecoin USDT from its U.S. cryptocurrency exchange platform if new legislation requires it. He believes that upcoming U.S. stablecoin regulations may demand issuers to fully back their dollar-denominated tokens with U.S. Treasury bonds, which would impact stablecoin issuers like Tether. Coinbase Chief Legal Officer Paul Grewal stated that they will vigorously refute the false lawsuit filed by BiT Global, emphasizing Coinbase's right to enforce its policies, ensuring a safe and reliable trading environment for its users.