Coinbase Chief Executive Officer Brian Armstrong said more small-scale governance experiments should be tested at the federal level, including the creation of innovation sandboxes. Writing on Oct. 9, Armstrong argued that forcing every reform into a nationwide debate raises the cost of learning and trial-and-error while slowing the policy process. He said competition is the best consumer protection mechanism in history and described government as the only sector that is structurally insulated from competition. Armstrong proposed testing alternative approaches in limited areas before any broader rollout. As an example, he suggested using a 10-square-mile piece of federal land to trial faster permitting, lighter regulation, or different rules, then measuring the results and expanding the ideas that work. The remarks frame regulatory change as something that can be piloted in contained environments rather than argued at national scale from the outset.
Coinbase Chief Executive Officer Brian Armstrong called for more small-scale governance experiments at the federal level, including the use of innovation sandboxes, according to BlockBeats on Oct. 9.
Armstrong said putting every proposed reform into a nationwide debate unnecessarily increases the cost of learning and trial-and-error, while also slowing the overall process.
He wrote, 「Competition is the best consumer protection mechanism ever created, and government is the only sector structurally exempt from competition.」
Armstrong suggested testing faster permitting, lighter regulation, or different rule sets in a defined area before broader adoption. As one example, he proposed trying such measures on 10 square miles of federal land, then evaluating the outcome and gradually expanding the approaches that prove successful.
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