Coinbase Endorses Strategic Bitcoin Reserve

In a latest development, Coinbase, the largest crypto exchange in the United States, is endorse the creation of a US strategic Bitcoin reserve. It is striking that the approval comes just before the second inauguration of Donald Trump and Armstrong’s trip to the World Economic Forum. It is also the first time that Coinbase has specifically addressed the idea of ​​a strategic bitcoin reserve.

In a Friday blog afterCoinbase CEO Armstrong urged world leaders and policymakers to recognize the positive impact of cryptocurrency, saying it can accelerate economic freedom.

“Economic growth comes from free-market capitalism, deregulation, small government and technological innovation,” he noted. “If the rest of the G20 wants to participate in economic prosperity, they would be wise to join the growing trend of embracing economic freedom and free markets.”

Armstrong outlines four actions

In particular, Armstrong urges world leaders to take four actions in the spirit of technological optimism, starting with passing laws to keep crypto companies in their home countries.

The first would be the adoption of pro-crypto regulation, which would encourage crypto innovation and growth. Second, launching a strategic Bitcoin reserve. “The next global arms race will take place in the digital economy, not in space,” he wrote in the post. Third, Armstrong promotes the creation of special economic zones for the digital asset economy. Armstrong supported the new Department of Government Efficiency (DOGE), led by Elon Musk, and emphasized the need for more efficient governments.

Strategic Bitcoin Reserve

Coinbase, led by Armstrong, has been a strong supporter of pro-crypto policies and regulation, especially in opposition to the SEC. Recently, Coinbase launched Bitcoin loans for US users.

With the launch, users in the United States will be able to get BTC loans directly from the cryptocurrency exchange. As the US focuses more on Bitcoin’s future, several states are exploring crypto options, including proposing strategic Bitcoin reserves.