Coinbase and Brian Armstrong again threaten to leave California

Coinbase CEO Brian Armstrong criticized California's wealth tax ballot measure during an appearance on the Katie Miller Podcast. Armstrong said Coinbase was open to "any and all options" for relocating. Armstrong called the measure an "unconstitutional asset seizure." He also described the measure as the government "coming in and seizing private property." Coinbase said in 2021 that it was closing its San Francisco offices for good. Coinbase signed a four-year lease for 150,000 square feet of San Francisco office space in 2025. Armstrong said artificial intelligence does not need regulation. The podcast episode had received 2,000 views when the article was published. Katie Miller repeatedly prompted Armstrong to praise Donald Trump and discuss his preferred memecoin. Armstrong has supported Trump and other Republican politicians with company funds and personal money, according to the article. Armstrong also supports crypto-related legislation backed by Trump's administration. The article characterizes Armstrong's podcast appearance as an effort to build support for the CLARITY Act. It forecasts that Armstrong may conduct a marketing campaign over the next month to influence voters and politicians on the legislation.