Coinbase CEO Brian Armstrong Reveals US Government Is Establishing a Strategic Bitcoin Reserve

According to Brian Armstrong, CEO of Coinbase, more governments are beginning to recognize cryptocurrencies.

Coinbase CEO Brian Armstrong has revealed that more governments are beginning to engage with cryptocurrencies, as the US government launches a Strategic Bitcoin Reserve to manage its digital asset holdings.

Coinbase Now Works With 145 US and 29 Foreign Government Entities

The exchange, which offers trading, custody, and blockchain infrastructure services to 145 US federal institutions and 29 foreign organizations, is expanding its footprint in the public sector. These collaborations highlight governments’ search for ways to integrate cryptocurrency into their financial systems.

Armstrong attributes this shift to regulators’ recognition of the security and transparency advantages offered by blockchain technology.

A Strategic Bitcoin Reserve has been set up by the US government to manage the Bitcoin assets that have been seized by federal authorities. It is part of a broader financial strategy by the government to get involved in cryptocurrency. Some see this as a step toward the government holding crypto as part of its own financial strategy. Others see it as enabling more efficient regulation and oversight of digital assets.

Now, Coinbase works with 145 government entities in the U.S. and 29 government entities outside the U.S., across federal, state, and local.

In the wake of the U.S. Strategic Bitcoin Reserve launching, we’re seeing many more take an interest.

We’d like to help everyone custody, provide liquidity and payment services, and build out the infrastructure for Web3.0. We’re open for business.

— Brian Armstrong (@brian_armstrong) March 12, 2025

Interest in the reserve has also extended to other nations, with some governments exploring the use and storage of digital currencies within their own financial systems. Armstrong believes this could eventually lead to greater involvement of government agencies in various aspects of cryptocurrencies.

Experts Discuss the Pros and Cons of Government Integration in Crypto

This development follows Coinbase’s expanding role in the growing adoption of crypto. As more government bodies delve into digital assets, Coinbase has emerged as a major service provider, offering its storage options, trade services, and blockchain support to businesses from all over the world.

These collaborations, which span 145 US and 29 foreign government entities, demonstrate a broader engagement with the crypto industry.

"These integrations showcase governments' willingness to explore and incorporate cryptocurrency into their financial frameworks," said Armstrong. "The interest from regulators is driven by the promise of security, transparency, and efficiency that blockchain technology offers."

The post Coinbase CEO: More Governments Are Beginning to Engage With Crypto As US Creates Bitcoin Reserve appeared first on Benzinga.

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