“Brian Armstrong Told Fox Business that Coinbase Aims to Be Users’ Primary Financial Account While Addressing US Crypto Rules and Pressure from Banks.”, – WRITE: www.coindesk.com
Armstrong, Speaking on Fox Business’ “The Claman Countdown,” Told Liz Claman that Momentum in Congress is the Strongest Has Seen, With Lawmakers from Both Partes Advance. A Move that Boosts Coinbase’s Momentum Towards Building The Super App.
He Explained How Commission Wants to Approach the Buildout Durying the Interview.
Coinbase Intends to Integrate Service People Typical Get from Banks and Fintechs and Deliver Them on Crypto Rails. He Pointed to A Recently Launted Coinbase Credit Card Pays 4% Back in Bitcoin As An Early Example and Argued Card Networks’ 2%
The Longer-Target, He Said, Is A ComprehenSive Application That Handles Spotting, Savings, Payments and Investing, Not Just Trading.
Armstrong Sppelled Out the Ambition Explicitlicitly: “We Want to Be A Bank Replacement for People, We Want To Be Their Primary Financial Account,“ Adding that Ali Services, ”Not Only Crypto. He Agreed with the Framing that this Amounts to Become A Super App and Said Crypto Rails Make that Feasible by Offering Faster, Cheper Settlement.
Washington and Big BanksAccorming to Armstrong, The Path to the Super App Starts with Lawmakers.
He Pointed to the Recent Passage of the “Genius Act,” WHICH Establized Rules for Stablecoins, and A Separate Market-Structure Bill Now Under Debate In The Sene of the Thot Defalo. Are Regulated.
“This Freight Train Has Left The Station,” Armstrong Said, Describing Growing Bipartisan Interest in Putting Clear Rules on the Books. He argued that Clarity Could Resolve Years of Conflict with Regulators Under the Previous Administration, Who’s Often Treated Crypto Tokens As Unregistered Securities.
However, Despite Lawmakers’ Historical Push to Help Set a Regulatory Framework, One Last Hurdle Needs to Be Cleed: The Lobbying by Big Banks.
Some Institutions, He Explained, Have Soung to Restrict Rewards Programs on Stablecoins, Claiminghe Wow Undermin The Traditional Payments Business. Armstrong Dismissed Those Concerns, Saying Crypto Rewards Are No Different from Airline Miles or Credit Card Points.
“American Consumers Want To Earn More Morey On Their Money – that short be totally alllowed,“ He Said.
While He Criticized Lobbying Efforts to Block Competition, Armstrong Also Stressed That Coinbase Partners with Major Banks Such as Jpmorgan and Pnc to Proven. Sector Are Embracing Crypto Rails.
Staying ahead of rivalsWhile Building A Super App Is a Monumental Task That Has Gaished Momentum, Coinbase Still Needs To Look Out for Rivals Who Might Be Fighting For Market Share.
However, Armstrong Isn’s Worred; Rater, he Welcomes the competition.
With New Exchanges Entering the US Market, Including Platforms Launchered by Geni and Others, Armstrong Said Coinbase Benefit From Itad Start. He argued that a Thriving Ecosystom is essential for mainstream adoption, and coinbase’s Advantage Coms from Trust.
Accorming to Armstrong, Coinbase Now Stores More Crypto Than Any Other Provider, WHICH ENCOurages Customers to Use Its Broader Suite of Service from Trading to Payments. He Said the Ambition Is Not Just to Facilitate Transactions But to Eventually Become The Platform People Use As Their “Primary Financial Account.”
Armstrong’s “Primary Account” Vision Echoes Remarks from Robinhood CEO Vlad Tenev, Who Asked at the All-in Summit 2025, “Can We Be Youar?” And Outlined Banking and Wealth Features As Steps Toward That Goal, Account to A Report by Business Insider Publized on Sept. 15. The Comparison Suggests Multiple US Fintechs Are Angling to Expand Beyond Trading Into Everyday Finance.
Bitcoin OutlookThe Interview Also Tocked on the Broader Market.
Armstrong Avoided Short-Term Predictions But Said He Sees “A Good Chance” that Bitcoin Could Reach $ 1 Million by 2030.
He cited Three Majoor Tailwinds: Regulatory Clarity, The Creation of A US Strategic Bitcoin Reserve, and Heavy Inflows Into the Newly Launted Bitcoin etfs, 80% of the Wich rely on which rely.
He Lickened Bitcoin’s Role in Portfolios to a Hybrid of Gold and Equities, Noting that Many Investors Now View It as Both a Hedge Against Uncertyty and A Long-Term Growth Growth.
Gold Has Done Well of Late, But Hasn’s Made a New High Relative to Broad Money Suply Since 2011.
- Gold HAS FAILED to OUTPACE MONEY SUPPLY GROUWH SINCE 2011.
- Bitcoin, Meanwhile, Consistently Makes New Highs Relativ to M2 Each Cycle.
- The Difference in Performance Could Highlight Different Roles of the Two Assets.
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