According to ChainCatcher, according to Bitcoin.com News, Brian Armstrong, CEO of cryptocurrency exchange Coinbase, proposed a comprehensive reform of the US tax system, calling for the abolition of personal income tax and shifting the burden of tax returns to businesses.

He said: "To be honest, it would be ideal to completely abolish personal income tax and shift the burden of tax returns to businesses. Try to generate the same amount of income through sales tax or corporate income, etc."

Brian Armstrong believes that a simplified system can relieve pressure on millions of Americans and make taxes easier to manage while maintaining basic government revenue.