SEC’s Plan to Widen Private Market Access Draws Praise from Coinbase’s Armstrong

Brian Armstrong has publicly endorsed a Securities and Exchange Commission proposal that would broaden retail investor access to private markets. The Coinbase chief executive described the plan as a step toward fairer investment rules, according to reporting on his comments. The proposal reportedly centers on a merit-based approach to determining who can invest in private companies. That would mark a departure from the decades-old accredited-investor standard, which largely ties eligibility to income or net worth rather than financial knowledge or experience.