[Coinbase CEO: On-chain IPOs Will Significantly Reduce Costs, Minimize Friction, and Improve Accessibility] Foresight News reports that Coinbase CEO Brian Armstrong tweeted, 'We need to make it easier for private companies to access capital. Currently, companies are incentivized to stay private for longer periods. Companies often remain private for many years, with all profits flowing to private/credit investors. After going public, stock performance is often poor because, in the early stages of a company's lifecycle, there is a lack of liquid markets to establish fair valuations. Eventually, companies will be able to complete the entire IPO process on-chain, which will significantly reduce costs, minimize friction, and improve accessibility. I hope this day comes soon.'