#Coinbase CEO urges US new government to support cryptocurrencies.#
Hot Topic Overview
Overview
Coinbase CEO Brian Armstrong recently published a long article, suggesting that the new US government implement crypto-friendly policies to promote economic freedom. He believes that cryptocurrencies can provide benefits such as stablecoins, free trade, secure property rights, and permissionless access. He recommends the government embrace cryptocurrencies, establish a Bitcoin reserve, support special economic zones, and enhance government efficiency. Armstrong also noted that the US crypto industry has long lacked clarity on regulation under the leadership of Gary Gensler, and he hopes the new government will address this issue to provide a clear regulatory environment for industry development.
Ace Hot Topic Analysis
Analysis
Coinbase CEO Brian Armstrong recently published a lengthy essay advocating for crypto-friendly policies from the new US government, with the aim of fostering economic freedom. He argues that cryptocurrency can serve as a tool to empower individuals with greater economic freedom, citing benefits such as stablecoins, free trade, secure property rights, and permissionless access. He proposes specific measures for the government to enhance economic liberty, including embracing cryptocurrencies, establishing a Bitcoin reserve, supporting economic special zones, and streamlining government efficiency. Armstrong also expressed his belief that the US has a crucial opportunity to clarify its stance on cryptocurrency regulation, citing the long-standing lack of regulatory clarity under Gary Gensler's leadership. His statements suggest that Coinbase, and the crypto industry at large, hope for a more proactive policy approach from the US government, creating a more welcoming environment for its growth.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Cryptocurrency can foster economic freedom, offering benefits such as stablecoins, free trade, secure property rights, and permissionless access.
The new US government should take steps to support cryptocurrency, such as accepting cryptocurrency, establishing a Bitcoin reserve, supporting economic special zones, and making government more efficient.
US regulators should provide clear regulatory guidance on cryptocurrency issues as soon as possible.
The US Securities and Exchange Commission (SEC) under Gary Gensler has lacked clarity on cryptocurrency regulation.