According to Odaily Planet Daily, Coinbase CEO Brian Armstrong posted on the X platform: "Our advertisement was banned by TV stations in the UK, which caused quite a stir.

The need to update our systems and improve society isn't a political statement from any party in the UK (as some have tried to interpret it). Nor is this unique to the UK (we've run similarly themed ads in the US). It's about how the traditional financial system isn't working for many people, and how cryptocurrency represents a way to improve that.

Some in the UK still view cryptocurrency as a gambling product (a very outdated view) and completely ignore its potential to update and improve the financial system to the benefit of everyone.

We welcome any suppression and censorship as it will only accelerate the spread of information.”