Armstrong says the accredited investor framework works only for people who are already rich—and cuts out everyone else.

Armstrong says the accredited investor framework works only for people who are already rich—and cuts out everyone else.

Billionaire investor Mark Cuban took a “memecoin” swipe at Brian Armstrong on Monday, in response to Coinbase Global Inc. (NASDAQ:

Coinbase CEO Brian Armstrong urged the US to revisit accredited investor laws, proposing a financial literacy test over wealth thresholds.

Coinbase CEO Brian Armstrong calls US accredited investor rules a regressive tax, proposing financial literacy tests or full abolition to open private

Coinbase CEO Brian Armstrong called for revisiting U.S. accredited-investor rules, arguing the wealth-based threshold functions as a regressive tax. Armstrong proposed a financial…