#Coinbase Enhances Support for Solana#

Coinbase CEO Brian Armstrong recently stated that the company will be bolstering its support for Solana, elevating it to the same “tier-one support” level as Bitcoin, Ethereum, and Base. Previously, Coinbase users experienced delays due to Solana transaction congestion, which Armstrong says has been addressed and users can retry canceled transactions. He emphasized the need to scale Solana infrastructure and provide native support for common use cases like decentralized exchanges (DEXs) and memecoin trading. While the recent surge in activity is positive for the ecosystem, he acknowledged the need for better service for users during periods of high demand.Meanwhile, Armstrong also expressed bullishness on Bitcoin, seeing it as a good hedge against deficit spending and inflation and predicting its price will reach millions of dollars. He said there is increasing interest among finance ministers around the world in holding Bitcoin, and anticipates the US will provide regulatory clarity for cryptocurrencies and hold Bitcoin as a strategic reserve.However, Coinbase is also facing regulatory pressure. Armstrong stated that Coinbase will delist stablecoin USDT from its US cryptocurrency exchange platform if required by new US legislation. Additionally, CryptoQuant CEO Ki Young Ju argues that over-regulation of Coinbase would be against the spirit of cryptocurrencies and believes self-regulation built on customer trust is preferable.