- Coinbase CEO Brian Armstrong supports DOGE initiativesÂ
- He advocates Blockchain for government financial oversight
Coinbase CEO Brian Armstrong supports DOGE initiatives and advocates Blockchain for government financial oversight.
More on CEO Brian Armstrong’s Statements
As you may remember from last week, Elon Musk did a high-profile story in which he investigated USAID spending, and, among other things, proposed moving the US Treasury to blockchain for the immutability and transparency of the national key financial system.
This largely obvious, and basically formative idea has not left Coinbase CEO Brian Armstrong indifferent, who expressed his support with a post at X:
For their part, he also hit at the Federal Deposit Insurance Corporation (FDIC):
Later, he “called 100% the right call” the next DOGE target, the Consumer Financial Protection Bureau (CFPB):
In other words, it seems that DOGE is conducting a major audit of all US financial institutions, and one of the largest crypto platforms agrees with the need for these initiatives.
Conclusion
How far Elon Musk and DOGE will go in this revision is an open question, because now it is in the most active phase. It is also an open question where it will meet resistance that will prove unconquerable.
How will it affect key crypto platforms in the long run and will it have an immediate beneficial effect on their operations? For example, despite changes at the SEC, the case against Ripple did not close as quickly and unequivocally as many probably expected.
Be aware and stay tuned for the latest updates on the rapidly changing crypto landscape.
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