Coinbase CEO calls for federal governance experiments, proposing to pilot reforms including regulatory relaxation via an innovation sandbox.

Coinbase CEO Brian Armstrong has published an article calling for more small-scale governance experiments at the federal level or the establishment of an innovation sandbox. He argues that putting every reform up for nationwide debate would unnecessarily increase the cost of learning and trial-and-error and slow down the process. Armstrong stated: "Competition is the best consumer protection mechanism ever devised, while government is the only sector structurally exempt from competition." He pro

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