Coinbase CEO Proposes Replacing Wealth Threshold With Competency Tests for Accredited Investors on June 16

According to PANews, on June 16, Coinbase CEO Brian Armstrong called for the U.S. to reconsider accredited investor laws, arguing that wealth-based restrictions prevent ordinary investors from participating in early-stage investments and limit their wealth-building opportunities.

Armstrong proposed two reform paths: first, replace current rules with competency-based standards—such as requiring financial knowledge tests to qualify as accredited investors; second, eliminate the rules entirely while maintaining disclosure requirements and fraud enforcement to let adults self-assess investment risks.