Coinbase CEO Calls for Overhaul of Token Evaluation Process
Due to the surge in weekly token creations, Coinbase Global Inc.'s CEO, Brian Armstrong, emphasizes the need for a revised listing and evaluation system for new tokens.
Current Challenges:
* Approximately 1 million tokens are created each week, making manual evaluation impractical.
* Regulatory approval processes require reconsideration given the increased token activity.
Proposed Solutions:
* Shift from an "allow list" to a "block list" approach.
* Utilize reviews and on-chain data scans to assist customers in navigating the volume.