Op-ed: Offshoring crypto hurts the financial system and America’s geopolitical standing, says Coinbase CEO Brian Armstrong

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Op-ed: Offshoring crypto hurts the financial system and America’s geopolitical standing, says Coinbase CEO Brian Armstrong
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The U.S. has the opportunity to lead in crypto and reap the benefits, writes Coinbase CEO Brian Armstrong.

By embracing crypto and other forms of digital finance, the U.S. can update its financial system, while also solidifying its status as a geopolitical powerhouse.

While you might be able to bank online, the way in which the traditional financial system operates behind the scenes has largely gone unchanged for at least 40 years. And the American people are starting to feel it. Nearly seven in 10 Americans believe that the financial system needs major changes or a complete overhaul, according to the most recent research from. That's where crypto and the technology that underpins it, the blockchain, come in.

By embracing crypto and other forms of digital finance, the U.S. can not only update its financial system, but also solidify its status as a geopolitical powerhouse. The dollar has enjoyed being the world's global reserve currency for decades, but it has never been under more pressure. Imagine a world in which the U.S. issues its own USD stablecoin on the blockchain.

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