Coinbase CEO Brian Armstrong Says US Constitution Is Missing Two Fiscal Safeguards as Debt Tops $39 Trillion

Coinbase Global Inc. (NASDAQ: COIN ) CEO Brian Armstrong warned that the U.S. constitutional framework lacks built-in fiscal constraints, arguing that this gap has contributed to surging federal debt now exceeding $39 trillion and rapidly rising interest payments. US Debt Crisis Concerns Grow On Wednesday, in a post on X, Armstrong said: "The US Constitution was the most important political innovation ever, but it’s missing two important things: 1) A cap on the growth of government spending 2) A requirement for hard-backed currency." He argued that without such limits, "every democracy drifts toward more debt and eventual loss of reserve currency status," citing Ray Dalio’s The Changing World Order. Armstrong added that U.S. debt has reached roughly $39 trillion and is increasing by about $1 trillion every 100 days, while interest costs have climbed above defense spending. "Ther...