[Coinbase CEO Calls on the U.S. to Reevaluate Accredited Investor Laws, Proposes Replacing Wealth Threshold with Competency Assessment] Coinbase CEO Brian Armstrong posted on the X platform, stating that the U.S. should reevaluate its accredited investor laws. Companies are staying private for longer periods, and only accredited investors (i.e., the wealthy) can participate in early-stage investments, while ordinary retail investors can only enter after an IPO, by which time most of the upside potential has already been realized. These rules were originally intended to protect ordinary investors from fraud, but in practice, they often make it harder for less wealthy individuals to build wealth. Armstrong proposed two potential reform paths: first, replacing the existing rules with competency-based standards, such as qualifying as an accredited investor by passing a financial knowledge test; second, completely abolishing the rule, allowing adults to assess risks on their own while retaining disclosure requirements and anti-fraud enforcement measures.