Question to Coinbase CEO Brian Armstrong @ brian'armstrong Today Brian arrived at Coinbase SG's office, and I was fortunate enough to be one of the interviewees to attend a small seminar where all the participants could ask Brian questions. I have a thick skin and raised three questions. With the permission of Coinbase SG, I can share all three questions with everyone, including the structural law issue that my friends are most concerned about. The three questions are: 1. The issue of CRS for Asian, especially Chinese users who have registered on Coinbase. Many users have raised the issue of Coinbase freezing their accounts. 3. Brian personally voted against the current Clarity Act. Firstly, the first question is: Many people may not understand why I asked such a foolish question. As we all know, the United States does not have CRS, so Chinese or Asian users who register on Coinbase will naturally not have CRS. But in fact, this idea is wrong. Coinbase's biggest compliance in Asia is in Singapore. If Asian users register, they basically go through the Coinbase SG site. That is to say, even if Chinese users register Coinbase, they register through Coinbase SG instead of directly registering with Coinbase in the United States. Singapore is a member of the CRS, which is why I asked if there would be any CRS issues if the registration relationship is with Coinbase SG. The answer is no, but this answer is not different from what the partners think. This question was answered by the CEO of Coinbase SG. Coinbase SG has not yet exchanged CRS with Chinese Mainland, because Chinese Mainland has not signed the CRS 2.0 agreement, so there is no need to exchange CRS. But Hong Kong will exchange. This answer is the same as CARF, not no exchange, but Chinese Mainland has not joined. If China joins, there is indeed a possibility of exchange. Next is the second question: I specifically mentioned the issue of HTX small transfer. Currently, Coinbase has a very mature system, and if a personal account is blocked due to a small attack, it can be recovered through appeal. Additionally, it was mentioned that some users on X have reported that their accounts are frequently blocked by Coinbase and have yet to be resolved. Brian's response to this question is that Coinbase has high compliance requirements, as any issues could result in lawsuits from the United States. Therefore, some countries' accounts used to be slightly more sensitive. But now it won't happen anymore. Compared to before, the probability of user blocking has decreased by 90% in the past six months, and even accounts that were previously blocked have a high probability of being released after appeal. Coinbase attaches great importance to the small transfer incident of HTX and has made some optimizations. Now, accounts will no longer be frozen due to this issue. Brian even said that if a Chinese user's account is blocked and cannot be unlocked, they can be called directly (this is a joke). Coinbase will also increase the number of customer service, especially Chinese customer service, to meet the needs of users. At present, a single application will be responded to by customer service or account manager within 15 minutes. The final third question: I asked very directly, why did Brian obstruct the passage of the Clarity Act? Is it because of USDC's interests? Do you know that the current market believes that the passage of the Clarity Act will significantly boost industry sentiment and funding. Brian's answer was also very direct, as he voted against it and often received abusive phone calls, let alone online and on X, where there were many voices cursing him. But he said that he voted against it mainly to fight for better conditions. For example, the principle that stablecoins earn interest, which everyone knows about, is mainly opposed by Brian. He believes that it is wrong for stablecoins to not earn interest, and only through resistance can we strive to change the conditions. Brian also said that with his efforts, there are now better conditions. Previously, stablecoins could not earn interest, and under no circumstances can they. But we have already obtained it. If there is at least one transaction or transfer in the past 90 days, it can be determined that the account is active. Active accounts can receive direct interest on stablecoins. Of course, even this has not been approved yet, but we can see that there is indeed progress. From the voting results, Brian feels that the current terms are already good and is willing to vote in support of the passage of this bill. Let's stop here for now, there are already quite a few, and we'll talk about some later when we have time. @Gate Crypto、 US stocks, Hong Kong stocks, South Korean stocks, gold CFD、 Predicting one-stop trading in the market