Coinbase Endorses U.S. Bitcoin Strategic Reserve

Coinbase has publicly endorsed the creation of a U.S. Bitcoin Strategic Reserve, marking the first time the exchange has addressed this idea. CEO Brian Armstrong emphasized in a blog post that cryptocurrency can enhance economic freedom and outlined four key steps for government officials: passing pro-crypto legislation, establishing a Bitcoin reserve, creating special economic zones for digital assets, and improving government efficiency. This announcement comes just ahead of Donald Trump's second inauguration and Armstrong's appearance at the World Economic Forum. Coinbase has positioned itself as a significant influencer in shaping crypto policy in the U.S., having previously funded pro-crypto political action committees. Armstrong's advocacy for embracing cryptocurrencies as strategic assets highlights the increasing importance of digital currencies in the global economy. The endorsement aligns with broader discussions among policymakers about recognizing cryptocurrencies as part of the nation's strategic assets.