BrianArmstrong

Experts agree that while memecoins can attract users, their volatility poses risks to the broader crypto ecosystem. One expert argued that the collapse of memecoins can harm liquidity and emphasized the need for investors to be cautious and screen for fraudulent tokens.

Memecoin Losses Prompt First-Time Crypto Users to Quit
Coinbase CEO Brian Armstrong recently made a bold claim that memecoins can be the gateway to mass adoption. However, a recent study by Chainplay and Storibles suggests that users’ experiences with memecoins, especially those endorsed by politicians, have been underwhelming.

In fact, 21% of first-time investors quit crypto after witnessing the value of politician-endquartered memecoins plummet. As of Feb. 19, a majority of investors in TRUMP, LIBRA and CAR memecoins were at a loss, sparking allegations of scams. Similarly, buyers of less high-profile memecoins are said to have exited the crypto space after disappointing experiences.

While there’s no concrete evidence that the decline of president-endorsed memecoins or memecoins in general is undermining the crypto industry, falling trading volume on Solana’s decentralized exchange (DEX) has been linked to waning investor interest in memecoins. Solana is the launch platform for Pump.fun, a memecoin launchpad that has seen significant user activity decline in recent weeks.

In a post on X prior to the release of the Chainplay and Storibles study findings, Armstrong acknowledged that some memecoins are not just silly or offensive but may also be fraudulent. Still, Armstrong, whose crypto platform’s “commitment” to free-market principles ensures Coinbase users have access to memecoins, is adamant that these coins have a role to play in bringing the “next billion users on-chain.”
Memecoins: Double-Edged Sword
Some experts agree with Armstrong’s views but assert that memecoins are in fact a double-edged sword. They might help onboard new users but may not sustain long-term adoption. One expert, Victor Young, founder of Analog, also sees the volatility of memecoins as another double-edged sword.

“On-chain events—such as a sharp drop in Solana’s total value locked (TVL) following high-profile token collapses—demonstrate that meme coin volatility can spill over and destabilize entire blockchain ecosystems,” Young said.

Arthur Breitman, Tezos co-founder, said the collapse of memecoins tends to wash out participants, ultimately hurting liquidity. Commenting on the possibility that governments and regulators may take action to protect vulnerable users, Breitman said:

“Memecoins are a product of regulatory overreach, they promise nothing and deliver nothing, or entertainment at best. I doubt we’ll see them being meaningfully curbed anytime soon.”

The Tezos co-founder said the onus is therefore on prospective memecoin investors to screen out fraudulent tokens, and one effective way to do this is by avoiding anything with “highly concentrated ownership.” These sentiments are echoed by Young, who also advises prospective investors to evaluate the liquidity of a memecoin’s DEX and to be cautious of tokens that rely on celebrity or political endorsements.

Young, meanwhile, agrees with Armstrong’s view that the crypto industry’s long-term success hinges on building sustainable and valuable products.

“For memecoins to evolve
#brianarmstrong #memecoin🚀🚀🚀

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