Coinbase, the largest cryptocurrency exchange in the United States, has announced that it is officially supporting the creation of a U.S. Bitcoin Strategic Reserve (BSR). The announcement was made by CEO Brian Armstrong in a blog post shared exclusively with Axios on Friday. Coinbase has publicly supported the concept of a national Bitcoin reserve for the first time, just ahead of Donald Trump’s second presidential inauguration and Armstrong’s scheduled appearance at the World Economic Forum. As a public company with a market value of $73 billion, Coinbase positions itself as the leading voice in the cryptocurrency industry. Often considered the industry’s de facto spokesperson in Washington, Armstrong has taken a bold, confrontational approach to dealing with regulators, inspiring other industry leaders to do the same. Over the past two years, Coinbase has played a significant role in shaping crypto policy. The exchange was a major funder of Fairshake, a political action committee that was influential in recent congressional elections. Coinbase also supports the advocacy group Stand With Crypto, which has brought together more than two million people to support pro-crypto initiatives. Related News: The Country That Slowly Accumulated Massive Bitcoin Without Drawing Attention May Have Sold Some, According to Onchain Data In a blog post, Armstrong called on global leaders and policymakers to embrace cryptocurrencies as a way to accelerate economic freedom. He outlined four key priorities: Passing Pro-Crypto Legislation: Armstrong emphasized the need for laws that encourage crypto firms to remain headquartered in their home countries. Creating Strategic Bitcoin Reserves: Armstrong described the digital economy as the next global arms race and urged nations to prepare by holding Bitcoin as a strategic asset. Creating Special Economic Zones for Digital Assets: Proposed the establishment of zones that would foster innovation in the crypto sector, potentially through regulatory sandboxes. Improving Government Efficiency: Armstrong highlighted blockchain’s potential to streamline government operations, referencing the Department of Government Efficiency (DOGE), an initiative humorously named after Elon Musk’s favorite cryptocurrency. The blog post comes as Trump continues to signal strong support for cryptocurrencies, drawing support from Coinbase and other industry leaders. Armstrong reportedly met with Trump privately twice before and after the election, with Trump showing strong interest in crypto-related talks. *This is not investment advice. Continue Reading: Bitcoin Strategic Reserve in the US Coming Step by Step – Coinbase Releases Big Statement, CEO Met with Trump
