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[Coinbase CEO: EU fines on US tech companies exceed tax revenue, excessive regulation hinders growth] Coinbase CEO Brian Armstrong pointed out on the X platform that in 2024, the fines imposed by the EU on US tech companies will amount to €3.8 billion, while the corporate income tax paid by all publicly listed European internet tech companies during the same period is only approximately €3.2 billion. Armstrong emphasized that when fines derived from regulation exceed the normal tax revenue of the industry, it approaches predatory behavior. Policymakers must choose between generating more fines through excessive regulation or fostering economic growth, but they cannot have both.