Coinbase CEO Warns: “You Can End Up in Jail” Over Memecoins

Coinbase CEO Brian Armstrong is throwing up some major 🚨🚨 over memecoins, warning that shady moves like insider trading could land people behind bars. With memecoins pumping and dumping left and right—especially the ones hyped by Trump and Argentina’s President Javier Milei—Armstrong is telling the crypto community to chill and think twice before diving in.

In a tweet, Armstrong made it clear: memecoins might be fun, but they’re not a free pass for sketchy behavior. He called out insider trading in the space, saying that just because Dogecoin made it big doesn’t mean everyone can get away with rug pulls and backdoor deals.

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“Memecoins are just the beginning,” Armstrong tweeted. “Everything is going on-chain—posts, videos, art, stablecoins, contracts—you name it.” But he made it clear that Coinbase has no problem listing memecoins as long as they’re legal and people actually want to trade them. Still, the exchange won’t just list anything—if a token is a scam, it’s getting booted. If it’s just low-quality? That’s up to the community to decide.

But here’s where things get real serious—Armstrong straight-up warned that insider trading on memecoins can send people to prison. He said every bull run has people trying to get rich quick, and a lot of them end up learning the hard way.

His final advice? “Don’t break the law. And don’t chase quick money. The real bag comes from actually building something valuable.”

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