Coinbase CEO Armstrong Calls to Replace $1M Net Worth Accredited Investor Rule With Financial Literacy Test

According to Bitcoin.com News, Coinbase CEO Brian Armstrong called to revisit U.S. accredited investor laws, proposing a financial literacy test to replace the current wealth-based standard. Under existing SEC rules, individuals must have annual income exceeding $200,000 or net worth above $1 million to qualify as accredited investors and access private placements and early token sales. Armstrong argued the decades-old framework reserves early-stage returns for the wealthy while locking out financially literate retail investors of modest means. The proposal echoes a 2025 U.S. House bill endorsing an examination-based path to accreditation, allowing investors to qualify by demonstrating knowledge rather than wealth.
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