Coinbase CEO's journey from no 'political causes' to hiring DOGE staff
Brian Armstrong, CEO of Coinbase, has shifted from an apolitical stance five years ago to engaging with Republican figures and supporting the Department of Government Efficiency (DOGE) team led by Elon Musk. He invited DOGE staff to join Coinbase after their government service, offering expedited onboarding to help enhance the financial system. Armstrong's previous dismissal of political advocacy within Coinbase, emphasized by an employee walkout in 2020 over the Black Lives Matter movement, contrasts with his current political engagements. The Stand with Crypto initiative launched in 2023 marked Coinbase's move towards political advocacy, as the crypto sector began contributing significantly to federal elections. Armstrong's visibility in Washington increased post-2024 elections, where he attended Trump’s inauguration and continued discussions about regulatory frameworks for stablecoins and crypto markets. His evolving political alignment raises questions about the future dynamics of Coinbase within the regulatory landscape.
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