Coinbase CEO Armstrong Calls Accredited Investor Rules a 'Regressive Tax' on June 16

Coinbase CEO Brian Armstrong called the U.S. accredited investor system a "regressive tax" on June 16, arguing that current rules lock ordinary Americans out of early-stage investment opportunities. Under existing regulations, accredited investors must earn at least $200,000 annually or hold net worth exceeding $1 million, excluding primary residence. Armstrong contended that companies staying private longer means most value creation happens before IPO access, allowing the wealthy to capture gains first. He proposed two alternatives: a competency-based financial literacy exam or complete removal of accredited investor restrictions while maintaining disclosure and fraud enforcement requirements.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments