Bitcoin Strategic Reserve is Coming Step by Step in the USA! Coinbase Released a Big Statement, CEO Met with Trump!

United States’ largest crypto para Exchange Coinbase has announced that it officially supports the creation of the US 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 planned appearance at the World Economic Forum.

As a publicly traded company with a market capitalization of $73 billion, Coinbase positions itself as the leading voice in the cryptocurrency industry. Often considered the industry’s de facto spokesman in Washington, Armstrong took a bold, confrontational approach with regulators, inspiring other industry leaders to do the same.

Over the past two years, Coinbase has played a key role in shaping crypto policy. The exchange was a major funder of Fairshake, a political action committee that was influential in the recent Congressional elections. Additionally, Coinbase supports the advocacy group Stand With Crypto, which has united more than two million people to support pro-crypto initiatives.

In his 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.
• Establishing 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: He suggested establishing zones that would encourage 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, gaining support from Coinbase and other industry leaders. Armstrong reportedly met with Trump privately twice, before and after the election, and Trump showed great interest in crypto-related talks.

*This is not investment advice.