Crypto Leader Slams Traditional Banking Establishment
In a bold recent statement, Coinbase co-founder and CEO Brian Armstrong accused legacy U.S. banks of actively undermining former President Trump’s pro-crypto initiatives. He argued this resistance isn’t about stability or security, but about preserving the financial dominance of a few powerful institutions.
The Working Class Pays the Price
“They’re protecting their margins by extracting value from hardworking Americans,” Armstrong said. He criticized traditional finance for relying on slow settlement times, excessive fees, and exclusionary access models that centralize control and limit economic mobility.
Cryptocurrency as a Path to Financial Empowerment
- Decentralized networks reduce reliance on centralized gatekeepers
- Enable faster, cheaper transactions across borders
- Enhance transparency and reduce systemic manipulation
He praised the crypto-friendly policies explored during the Trump era as forward-thinking steps toward a more open financial system. The pushback, he claims, reflects fear of disruption from outdated institutions.
Innovation vs. Institutional Inertia
This clash goes beyond politics—it’s a battle for the future of finance. As public demand for ownership and transparency grows, decentralized technologies are gaining real momentum. Armstrong urges policymakers to support innovation that serves citizens, not incumbents.