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Cooling DownSnapshot Window: 2026-07-23 07:40 UTC ยท โ Back to Crypto Overview
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BRIAN ARMSTRONG: BITCOIN WAS NEVER AGAINST LAW ENFORCEMENT The Coinbase $COIN CEO pushes back on the anti-establishment misconception about Bitcoin $BTC : - It wasn't against law enforcement, it was against high inflation eroding wealth, intermediaries taking high [Spoken audio]: But the protest was very much against law enforcement and Well, I don't think Bitcoin was ever against law enforcement. I think they were against high inflation eroding people's wealth and Caused by the government. Yeah. Yeah. Well, yeah, over printing in some cases or intermediaries taking high fees and slowing down innovation or, you know, banks being bailed out, you know, these kinds of things. So it's true. the centralized exchanges which are sort of the link between the fiat world, the traditional financial world and the new financial world, they are largely regulated today and they're doing KYC and all these things. Once people have crypto, I think they can start to participate in the new economy and that's where they're using DeFi or doing payments on cross-border and saving money on remittance fees and things like that. It takes a while to update the whole financial system. You know, there's still people in America who pay their rent with paper checks and these kinds of things. In many ways, like India's ahead with mobile payments and UPI. So our goal as a company is really to update the financial system, make it faster, cheaper, more global, more fair, just provide better financial services. But you're right, it's like there's a lot of pieces to get moving in that direction.
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