Coinbase CEO Brian Armstrong has criticized the European Union's regulatory approach, highlighting that in 2024, the EU imposed fines totaling 3.8 billion euros on US tech companies. This amount surpasses the 3.2 billion euros paid in corporate income tax by all listed European internet tech firms. Armstrong argued that when regulatory fines exceed normal taxation, it resembles 'a form of plunder.' He urged policymakers to reconsider their approach, suggesting that aggressive regulation and economic growth cannot coexist.