Coinbase CEO Brian Armstrong, the CEO of the leading crypto trading platform, recently shared his concerns about the declining economic freedom in the United States, once again emphasizing the mission of the exchange to increase economic freedom.
Vision Statement on Increasing Economic Freedom from Coinbase CEO
On June 26th, the Coinbase CEO of Coinbase turned to Twitter to share a recent report regarding the country’s declining economic freedom and to demonstrate how effective cryptocurrency can be in this regard.
Recent reports indicate that the United States is showing a trend of decline in economic freedom. Previously ranked 4th in the economic freedom rankings, the United States currently stands at 25th place. On the other hand, Singapore has been recognized by the American research and educational institution Heritage Foundation as the “world’s freest economy,” placing it in the first position.
According to Brian Armstrong‘s statement, ‘Economic freedom is an important indicator of growth and prosperity potential for every country.’ Armstrong expressed admiration for Singapore’s ‘incredible’ achievements in economic freedom despite the disruptive economic conditions in the United States.
However, Armstrong also criticized a step taken in Singapore, labeling it as ‘contrary to freedom’ and describing it as ‘short-sighted.’ This criticism reflects concerns that certain policies or regulations may restrict this freedom, despite Singapore’s high ranking in economic freedom. Armstrong emphasizes that economic freedom should not be limited to a specific point but should be consistently protected and supported.
In a previous tweet, Armstrong drew attention to the risk of the United States losing its status as a financial center due to inappropriate crypto regulations. He called on Congress to take immediate action and enact clear legislation regarding cryptocurrencies to maintain the country’s status
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