Coinbase Plans to Hire 1,000 Employees Amid Positive Regulatory Changes
Coinbase CEO Brian Armstrong announced plans to hire 1,000 employees following a recent crypto summit at the White House. He cited improved confidence in U.S. policy under President Trump's administration as a key factor for this decision.
- Armstrong stated that progress made in just 50 days has encouraged Coinbase to invest and grow its operations in the U.S.
- The U.S. Securities and Exchange Commission has halted its enforcement action against Coinbase, shifting regulatory jurisdiction over digital assets to Congress.
- Trump's executive order proposes establishing a bitcoin reserve, which Armstrong supports, highlighting the government's potential role as a holder of digital assets.
- Coinbase is continuing financial support for the crypto-focused political action committee Fairshake to promote pro-crypto candidates.
- Bo Hines, from the President’s Working Group on Digital Assets, affirmed Trump's commitment to making the U.S. the leading hub for cryptocurrency.
- Discussions included exploring ways for U.S. Treasury and Commerce departments to buy bitcoins without impacting taxpayers.