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Nellius Irene

Coinbase CEO Brian Armstrong: Bitcoin Can Bolster the US Dollar and Check Inflation

Coinbase CEO Brian Armstrong wrote on X that Bitcoin introduces "healthy" competition for the US dollar, helping to restrain high inflation and deficit spending as US public debt climbs above $38 trillion. He previously argued that if lawmakers fail to address fiscal deficits and national debt, Bitcoin could gradually evolve into a reserve currency. Armstrong also criticized efforts to reopen the GENIUS Act, claiming banks are trying to curb stablecoins and fintech innovation while he pledges that Coinbase will resist changes he views as harmful to consumer benefits.
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