Coinbase CEO Brian Armstrong says there are 1 million new cryptocurrencies created every week on the platform

"High-quality problem to have, but evaluating each one by one is no longer feasible," Coinbase CEO Brian Armstrong wrote in a post on X on Sunday. "And regulators need to understand that applying for approval for each one is totally infeasible at this point as well (they can't do 1m a week)."

"high quality problems" what a turdburger! We launch a million MLM scams a week, regulators need to "understand" that we absolutely won't regulate because then we couldn't print free money off the backs of scam victims!