Coinbase’s Armstrong Announces Plans to Expand Workforce Amid Shifting Crypto Policies
Coinbase CEO Brian Armstrong stated that the recent evolution of U.S. cryptocurrency policies will trigger the hiring of 1,000 individuals in the year 2025. Armstrong shared this during the White House crypto summit where many leaders in the crypto community gathered.
Key Points:
- Armstrong indicated that changes in the U.S. government’s stance on cryptocurrency will enhance confidence in the company’s investment in the U.S.
- He mentioned that the hiring is expected to take place within this year, showcasing optimism regarding the regulatory climate.
- Bo Hines, the head of Trump’s crypto working group, expressed excitement about contributing to the development of a new Bitcoin reserve as part of the administration’s initiatives.
“It’s only been, what, 50 days or something like that, and it’s already created enough of a tailwind that we feel more confident in investing in the United States and growing our business here,” Armstrong mentioned.
Translation: “It’s only been, what, 50 days or something like that, and it’s already created enough of a tailwind that we feel more confident in investing in the United States and growing our business here.”
- Armstrong emphasized the importance of the U.S. in holding Bitcoin, stating, “You can’t really have a better holder of this asset than the United States government.”
Translation: “You can’t really have a better holder of this asset than the United States government.”
Armstrong also confirmed that Coinbase would continue its support for political action committees that advocate for crypto-friendly candidates, reflecting the company’s commitment to the industry.
