[Coinbase CEO: Companies Will Go Public On-Chain in the Future] According to a report by Jinse Finance, Coinbase CEO Brian Armstrong stated, 'We need to significantly lower the barriers for private companies to raise capital. The strong demand for financing from some large private companies is a typical example of the unintended consequences caused by stricter regulations. The current market environment is actually encouraging companies to delay going public for too long. When companies remain private for an extended period, all the profits are captured by private equity and credit investors. By the time these companies finally go public, their stock performance is often underwhelming. The reason lies in the lack of a liquid market capable of reasonably pricing them during their early stages of development. In the future, companies will eventually be able to go public entirely through on-chain channels. This model will significantly reduce the cost of going public, minimize procedural friction, and enhance the ease of market access. Hopefully, that day will come soon!'