Coinbase, America’s largest crypto exchange, supports the creation of a US strategic Bitcoin reserve. CEO Brian Armstrong shared a blog post Friday with Axios promoting “financial freedom” and supporting the establishment of this reserve. It’s also the first time Coinbase has specifically addressed the idea of a strategic bitcoin reserve. The support comes just before the second inauguration of Donald Trump and Armstrong’s trip to the World Economic Forum.
JUST IN: 🇺🇸 Coinbase supports the creation of a US government strategic Bitcoin reserve.
— Watcher.Guru (@WatcherGuru) 17 January 2025
In his Coinbase Blog Post FridayArmstrong addressed world leaders and decision makers on how cryptocurrency does more good than bad. According to Coinbase CEO, crypto can accelerate financial freedom. “Economic growth comes from free market capitalism, deregulation, small government and technological innovation,” he wrote. “If the rest of the G20 wants to share in economic prosperity, they would do well to join the growing trend to embrace economic freedom and free markets.”
Also Read: Massachusetts Senator Introduces Bill to Create a Bitcoin Reserve
“As a company, we’ve always been focused on how the crypto markets are as transparent as possible. So the rules around market structure as they relate to the CFTC and the SEC have always been critical to us,” Faryar Shirzad, Coinbase’s head of policy, told Axios this week. Coinbase has been at the forefront of pro-crypto policies and regulation in recent years.Armstrong, in particular, has taken up being the voice of crypto against the SEC and other regulators Bitcoin loans for US users. The launch allows users in the US to get BTC loans directly from the cryptocurrency exchange
“At Coinbase, our mission has always been to increase financial freedom in the world,” reads Coinbase’s blog. “Just like freedom of speech or freedom of religion, economic freedom is essential to a prosperous society and civilizational progress. And we believe that crypto is the most important technology that can bring economic freedom to the world.”
