logo

WSJ calls Coinbase Wall Street's Top Enemy, Brian Armstrong Speaks Out Calling for a Win-Win

By: theblockbeats.news|2026/02/02 14:01:11
0
Share
copy

BlockBeats News, February 2nd, The Wall Street Journal published an article stating that Coinbase CEO Brian Armstrong has become the top enemy of Wall Street traditional financial giants and is in conflict with the future of the financial industry. Brian Armstrong has serious disagreements with bank executives such as JPMorgan Chase's CEO on cryptocurrency regulation issues, especially the "Cryptocurrency Market Structure Clarity Act" (CLARITY Act). Banks are concerned that the high yields of stablecoins may shift $6.6 trillion in bank deposits, thereby damaging their lending business. Armstrong, on the other hand, advocates for free-market competition and accuses banks of hindering their competitors' development.

Stripe CEO Patrick Collison responded that Brian's argument apparently does not align with Coinbase's interests: in a world that prohibits profit sharing, USDC would at least superficially be more direct and profitable for Coinbase. As far as I know, Brian's position stems from his belief in the importance of a vibrant and competitive marketplace that can protect consumer freedom, and I think he is highly commendable in this regard.

Brian Armstrong himself retweeted Patrick Collison's views, saying, "I'm pursuing the best social outcome and see this as a positive-sum game, where both crypto companies and traditional financial giants can win. Some parties are trying to use the government to block competition and see it as a zero-sum game."

You may also like

WLFI at it Again? Banking License Controversy Amid $500M Investment

The UAE's investment in World Liberty Financial has heightened concerns over whether it received special treatment and whether national security issues are involved

The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?

Wall Street asset management giant Apollo Global Management invested $160 million in Morpho.

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Every trend here is affecting everyone's future survival.

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

The most important industry in the crypto world, only 300 kilometers away from the missile's impact point

Popular coins

Latest Crypto News

07:43

The probability of the Federal Reserve keeping interest rates unchanged in March is 93.6%

According to Jinshi reports, CME's "Fed Watch" shows that the probability of the Federal Reserve keeping interest rates unchanged until March is 93.6%, while the probability of a 25 basis point rate cut is 6.4%. By April, the cumulative probability of a 25 basis point rate cut is 22.6%, the probabil...
07:43

The US Dollar Index DXY has risen above 98, with an intraday increase of 0.34%

According to Jinshi News, the US Dollar Index DXY has risen above 98, with an intraday increase of 0.34%.
07:43

U.S. stock index futures opened lower, with the Nasdaq and Dow Jones down over 1%

According to Jinshi reports, U.S. stock index futures opened lower on Monday, with Nasdaq and Dow Jones futures both down more than 1%, and S&P 500 futures down more than 0.9%.
07:43

The U.S. federal funds futures December contract fell by 3 basis points

According to Jinshi, U.S. federal funds futures fell, with the December contract down 3 basis points.
05:43

Data: In the past 24 hours, the total liquidation across the network was 389 million USD, with long positions liquidated at 198 million USD and short positions liquidated at 191 million USD

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $389 million, with long positions liquidated at $198 million and short positions liquidated at $191 million. Among them, Bitcoin long positions were liquidated at $115 million, Bitcoin short positions at ...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com