Coinbase founder Brian Armstrong expected a new era to emerge in the virtual asset market

Coinbase founder Brian Armstrong expected a new era to emerge in the virtual asset market as he welcomed the second administration of President Donald Trump.

Coinbase founder Brian Armstrong anticipated a new chapter for the virtual asset market as he welcomed the second administration of President Donald Trump. The aim is to clear up uncertainties in the additional asset market if regulations that fit the market are organized.

"The United States has been very hostile to virtual assets for the past four years, but the new administration has opened the way for rules to be set," Armstrong said at the 55th World Economic Forum 'Crossroads of Virtual Assets' session in Davos, Switzerland on the 21st, adding, "The market is still in its early stages as legislation that will bring new investments can pass through Congress."

The technology will continue to increase economic freedom around the world in the long run, he added, with the stablecoin market growing 300% year-on-year last year and half of Fortune 500 companies conducting pilot programs related to virtual assets.

"We are always surprised at how big this sector is, running funds related to virtual assets as well as traditional finance," Franklin Templeton Chairman Jennifer Johnson said. "However, as the traditional and virtual asset camps run in a parallel universe, we should meet and share opinions someday."

"The market is growing," said Dinnell Dixon, CEO of the Stella Development Foundation. "In the future, there will be more cases of traditional asset-oriented financial companies such as Franklin Templeton collaborating with virtual assets."

There were also many opinions that uncertainty from a regulatory point of view should be resolved.

"The virtual asset ecosystem is quite dynamic and attracting attention from institutional investors, but it is unstable," said Lesetza Cañago, president of South Africa's central bank. "In particular, learning time between players and institutions will be needed as regulators are having difficulty accurately identifying regulatory targets."

In response, Chairman Johnson said, "We need to look back on the purpose of regulation of consumer protection and introduce regulations that take into account the fact that technology is developing too quickly," adding, "It's a big challenge for regulators, but we have to do that."

"The national leader of the world's largest gross domestic product (GDP) has said he wants to become the first virtual asset president," Armstrong said. "He will instruct all agencies in the U.S. government to create rules that enable innovation."

Experts expressed caution about meme coins. "We also need to be careful when looking at innovation," Armstrong said. "If you do it wrong, it can look like a joke."

[Davos Special Report Team = Deputy Director Hwang In-hyuk / Correspondent Yoon Won-seop / Reporter Jin Young-tae / Reporter Yeon Kyu-wook / MBN Bae Myung-min / Seoul = Reporter Moon Ga-young]