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Brian Armstrong: Coinbase Needs to Rethink Crypto Acceptance Process

Brian Armstrong, CEO of Coinbase, announced in a message on the social network X that the exchange needs to rethink its cryptocurrency acceptance process, given the creation of about a million new tokens per week.

He emphasized that it is practically impossible to evaluate each of these tokens and obtain regulatory approval for each one.

Armstrong suggested using blacklists and automated data checks instead of whitelists.

The comments come after Coinbase recently encountered problems processing withdrawals due to a sudden increase in meme coins on the Solana (SOL) network.

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