Coinbase CEO Brian Armstrong responded on X after criticism tied to a recent profile picture change and complaints from parts of the Base community that the ecosystem was not getting enough support. Armstrong said users should not treat his personal X account as investment advice or as a signal for any specific token. He wrote that he posts things he finds interesting or funny on the internet and may not even know whether a post is connected to a token or project. His posts and profile picture, he said, do not amount to an endorsement or a promise.
Armstrong also laid out how he views Base’s role. He said the network is building financial infrastructure that spans tokenized stocks, lending protocols, stablecoin payments and even meme coin trading. While he supports economic freedom and users’ freedom to trade, he said anyone using his X activity as a trading cue is taking that risk on themselves and against his wishes. On support from Base or Coinbase, Armstrong said many tokens cannot be listed on centralized exchanges for compliance and regulatory reasons. He added that neither he nor Jesse would "pump" or promote tokens on demand. Instead, he pointed to Base Batches events, developer grants, investments through Coinbase Ventures and the Base ecosystem fund, and the integration of promising Base DeFi protocols into Coinbase products. The post has drawn more than 1.05 million views.
Coinbase CEO Brian Armstrong posted on X to address recent controversy over a change to his profile picture, along with complaints from parts of the Base community that they had not received enough support.
Armstrong said his personal X account should not be treated as investment advice or as a signal for any individual token. He wrote that he simply posts things on the internet that he finds interesting or funny, and may not know whether what he posts is tied to a token or project. His posts and profile picture, he said, do not constitute an endorsement or a promise.
Armstrong rejects the idea that his account is a trading cue
Armstrong said Base is focused on building financial services infrastructure, covering tokenized stocks, lending protocols, stablecoin payments and meme coin trading. He said he supports economic freedom and users’ freedom to trade, but added that anyone treating his X account as a trading signal is taking that risk on themselves, which is not what he wants.
He also addressed calls for stronger public support
On support from the Base team or Coinbase, Armstrong said many tokens cannot be listed on centralized exchanges because of compliance and regulatory constraints. He wrote, “If you want Jesse or me to pump or shill certain tokens, we’re not going to do that.”
What Coinbase says it will do for the Base ecosystem
Armstrong said the support Coinbase has committed includes:
- holding Base Batches in-person events;
- issuing grants to promising developers;
- backing quality projects through Coinbase Ventures and the Base ecosystem fund;
- regularly integrating promising Base DeFi protocols into Coinbase products.
The post has now recorded more than 1.05 million views.
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