brianarmstrong

As the U.S. national debt nears a staggering $37 trillion, major voices in the crypto industry are sounding the alarm. Coinbase CEO Brian Armstrong has issued a stark warning: If Congress doesn’t act soon, the U.S. dollar could lose its global reserve currency status — and Bitcoin might take its place.

Armstrong: “I love Bitcoin, but America must survive.”
Coinbase CEO Brian Armstrong emphasized the importance of financial responsibility, noting that while Bitcoin offers a compelling alternative, economic stability in the U.S. remains crucial for global markets.
His comments come at a time when new fiscal legislation has been introduced, aiming to extend tax incentives and increase defense spending, while proposing adjustments to certain federal support programs.

Nobel laureates and Elon Musk issue strong warnings
Criticism is mounting from every direction. Six Nobel Prize-winning economists, including Paul Krugman and Joseph Stiglitz, warned in a June letter that the legislation could add over $3 trillion to the national debt and further widen economic inequality.
Elon Musk didn’t hold back, calling the bill:
“A massive, scandalous, pork-filled Congressional spending proposal” and “a disgusting abomination.”
More importantly, critics say the bill could undermine global confidence in the U.S. dollar and accelerate the ongoing de-dollarization of the global economy.

States like New Hampshire and Arizona are stockpiling Bitcoin
Amid fiscal chaos, some U.S. states are taking matters into their own hands. Keith Ammon, a representative from New Hampshire, explained:
“States aren’t just competing with each other anymore — they’re competing with the federal government, which will be forced to print money to handle its debt.”
He argued that Bitcoin could help shield state finances from further erosion caused by inflation and dollar devaluation.

Bitcoin as a digital defense against systemic collapse
Crypto advocates are reminding the world why Bitcoin was created in the first place — as a response to the loss of trust in the financial system after 2008. According to Kadan Stadelmann, CTO of Komodo:
“No one in the U.S. is facing reality. That’s where Bitcoin comes in. It’s the very reason it was created.”
He described fiat currencies like the dollar as debt-driven and inflationary, whereas Bitcoin offers fixed supply and long-term value preservation. He called it “a safe haven in a collapsing inflationary system.”

Are we witnessing the end of the dollar as we know it?
Analysts warn that the exploding debt, reckless spending, and global monetary shifts may lead to a collapse in trust toward fiat currencies. That could trigger a massive capital shift into Bitcoin, driving up its value and reducing availability due to limited supply.
“If a debt spiral hits, people will flock to Bitcoin — and supply won’t keep up,” Stadelmann noted.

Summary:
🔹 U.S. debt has reached $37 trillion

🔹 Coinbase warns Bitcoin could replace the dollar as reserve currency

🔹 U.S. states like New Hampshire are buying BTC as a hedge

🔹 Nobel economists and Elon Musk blast Trump-backed legislation

🔹 Bitcoin’s fixed supply and decentralized nature continue to attract attention in times of fiscal uncertainty

#bitcoin , #coinbase , #BTC , #brianarmstrong , #ElonMusk

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In a direct critique of the SEC’s handling of crypto regulation, Coinbase CEO Brian Armstrong took to X to call for reform, urging the next SEC chair to abandon what he calls “frivolous cases” and apologize to the public. Armstrong’s frustration centers on what he sees as inconsistent regulations that have stifled innovation and driven uncertainty across the crypto space.

📉 Armstrong vs. Gensler: A Tense Relationship

With the U.S. elections just days away, Armstrong’s comments bring attention to the SEC’s approach under Chair Gary Gensler. Armstrong emphasized that SEC actions have created widespread confusion, citing contradictory stances on digital assets over the years—from labeling them as securities to shifting to a broader regulatory framework. The rift between the SEC and crypto firms like Coinbase and Binance continues to widen, as both have faced legal battles over alleged regulatory breaches.

🔄 Future at the SEC: Could Trump Shake Up the Commission?

If Donald Trump wins the upcoming election, major changes could be on the horizon. Speculation is rising around Gensler’s potential removal, with rumored replacements like Dan Gallagher or Hester Pierce (“Crypto Mom”) who have advocated for clearer and more supportive crypto regulations. Armstrong’s call for accountability and reform hints at the crypto industry’s hope for a new direction under future leadership.

A Call for Trust Restoration

Armstrong’s message resonates with a growing sentiment across the industry—calling for regulatory clarity and a cooperative stance from the SEC. Will these changes finally bring the clarity the crypto sector needs?

📌 Disclaimer: This article is for informational purposes and does not serve as financial or legal advice.

#brianarmstrong #SECCryptoAccounting #cryptoregulation #CPI_BTC_Watch

As #bitcoin surpassed $100,000 for the first time in its 16-year history, influential figures in the cryptocurrency world, including Binance's former CEO #Changpeng.CZ.Zhao (CZ) and Coinbase CEO #BrianArmstrong , shared their perspectives on this milestone. Their reactions highlighted Bitcoin’s immense potential and the broader economic implications of its price surge.

𝐂𝐙'𝐬 𝐏𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞: 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐈𝐬 "𝐂𝐡𝐞𝐚𝐩𝐞𝐫" 𝐓𝐡𝐚𝐧 𝐄𝐯𝐞𝐫

Changpeng Zhao, who recently returned to Dubai after his legal challenges in the U.S., offered a unique viewpoint on Bitcoin’s rising value. While others congratulated him on his Bitcoin gains, CZ remained grounded, explaining, “I haven’t made much. I still hold the same amount of Bitcoin, but everything around me has become cheaper.” His comment underscores the deflationary impact Bitcoin could have on purchasing power, suggesting that, despite the soaring price of Bitcoin, other assets may seem more affordable in comparison.

𝐁𝐫𝐢𝐚𝐧 𝐀𝐫𝐦𝐬𝐭𝐫𝐨𝐧𝐠 𝐑𝐞𝐟𝐥𝐞𝐜𝐭𝐬 𝐨𝐧 𝐁𝐢𝐭𝐜𝐨𝐢𝐧’𝐬 𝐈𝐦𝐩𝐫𝐞𝐬𝐬𝐢𝐯𝐞 𝐆𝐫𝐨𝐰𝐭𝐡

Coinbase CEO Brian Armstrong also weighed in on Bitcoin’s incredible growth, drawing attention to its past performance. Reflecting on Bitcoin’s early days, Armstrong stated that if someone had invested in Bitcoin back in 2012, when Coinbase launched, their $100 investment would be worth over $1.5 million today. He contrasted this with the current state of traditional currency, which has seen its purchasing power eroded by inflation. Armstrong further emphasized Bitcoin’s status as the best-performing asset of the last decade, suggesting that the world is still in the early stages of its financial revolution. He called on nations, especially those battling inflation, to build Bitcoin reserves to protect their economic futures.

𝐀𝐬 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐬 𝐢𝐭𝐬 𝐮𝐧𝐩𝐫𝐞𝐜𝐞𝐝𝐞𝐧𝐭𝐞𝐝 𝐫𝐢𝐬𝐞, 𝐭𝐡𝐞𝐬𝐞 𝐜𝐨𝐦𝐦𝐞𝐧𝐭𝐬 𝐟𝐫𝐨𝐦 𝐤𝐞𝐲 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐟𝐢𝐠𝐮𝐫𝐞𝐬 𝐫𝐞𝐦𝐢𝐧𝐝 𝐮𝐬 𝐨𝐟 𝐢𝐭𝐬 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐫𝐨𝐥𝐞 𝐢𝐭 𝐩𝐥𝐚𝐲𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐞𝐜𝐨𝐧𝐨𝐦𝐲.
#CZ #coinbaseCeo

Coinbase CEO Brian Armstrong, at a Goldman Sachs conference, highlighted the potential of crypto for payments, emphasizing the efficiency of Coinbase's layer-2 Ethereum scaling solution, Base. This solution has reduced transaction times to under a second and fees to less than $0.01. Armstrong envisions a future where fast, cheap, and global payments enable new applications, such as microtransactions for social media interactions and more frequent payroll cycles. He compares the anticipated growth in crypto payments to the explosion in messaging volume following the reduction of costs, suggesting that reducing friction in payments could similarly increase adoption and activity.
#Coinbase #brianarmstrong

Coinbase CEO Brian Armstrong recently made an important statement regarding the stablecoin USDT (Tether) and the potential impact of regulatory changes on the cryptocurrency market. Armstrong emphasized that if U.S. authorities demand it, Coinbase would be required to delist Tether from its platform. This move would also be considered if Tether fails to meet forthcoming U.S. regulations, which are expected to bring significant changes to the crypto landscape. As a leading cryptocurrency exchange, Coinbase is committed to ensuring its operations align with regulatory requirements, even if that means parting ways with a widely used asset like USDT.
Armstrong, a vocal advocate for clearer cryptocurrency regulations, has been actively pushing for a more defined legal framework within the United States. His comments reflect the exchange’s commitment to compliance with government directives, regardless of the asset involved. USDT, which has maintained a dominant position as one of the most widely used stablecoins globally, could face challenges if it does not adhere to the stricter standards set forth by regulators.
Coinbase's proactive stance on regulation is a testament to its responsibility as a key player in the global crypto industry. The exchange is not only focused on creating a secure platform for traders but also ensuring that it operates within the confines of evolving legal standards. While the potential delisting of USDT would certainly affect the market, it underscores the importance of compliance and responsible management in the cryptocurrency space.
As the regulatory landscape for digital assets continues to evolve, exchanges like Coinbase are likely to take similar precautions. Armstrong's statement highlights the tension between maintaining market freedom and adhering to legal requirements. The future of stablecoins, including USDT, will be shaped by how well they can adapt to these emerging regulations, ensuring both user protection and long-term sustainability in the crypto economy.

#Coinbase
#BrianArmstrong
#USDT
#Tether
#CryptocurrencyRegulations