Wu reported that Coinbase CEO Brian Armstrong tweeted calling for reform of the U.S. Accredited Investor rules. He criticized the current system for blocking retail investors from early high-yield investment opportunities, which he sees as an essentially unreasonable "retreat tax." Armstrong suggested replacing the wealth-based eligibility criteria with a "financial literacy test" based on individual capability. Alternatively, he proposed completely abolishing the rule, and under the premise of maintaining anti-fraud enforcement, returning the risk assessment authority to adult investors.