Coinbase CEO says social media activity is not investment advice

Coinbase CEO Brian Armstrong said recent controversy over changes to his profile photo should not be interpreted as investment advice or a signal on any specific coin through his personal X account. Armstrong said he only shares content he finds interesting or entertaining, and his posts or profile photos do not imply support for or a commitment to any project. He added that Coinbase and Base cannot list every token because of regulatory and compliance requirements, and will not promote specific coins or try to boost their prices. Instead, Armstrong said the focus will remain on supporting projects that create long-term customer value through grants for promising development teams, investments, and DeFi protocol integrations. Earlier, Armstrong changed his X profile image to one resembling the logo of BRAIN, a Base-based memecoin also known as Coinbase Man. BRAIN later surged, but fell sharply after the profile photo was changed again.