Crypto users criticize Coinbase for sponsoring US military parade, sparking debates on industry-government ties.
From Cointelegraph
June 16, 2025 04:57 PM:
Coinbase faces backlash for sponsoring US Army anniversary event in Washington, D.C. Venture capital partner Adam Cochran exits his positions at Coinbase, citing disagreement with the company’s political stance. The move sparks criticism from the crypto community amid deepening political tensions in the US, with some questioning the industry’s ties to government.
Critics argue that Coinbase’s sponsorship of the military parade goes against the industry’s ideals of decentralization and freedom from state control. The move comes as online discussions highlight concerns about growing ties between crypto companies and governments, potentially deterring new users from entering the industry. Coinbase’s history of political contributions and CEO Brian Armstrong’s interactions with the Trump administration raise further questions.
Coinbase’s decision to sponsor the US Army celebration raises questions about the intersection of crypto culture and political causes. The move prompts online debates about the industry’s anti-establishment roots and the implications of aligning with government institutions. The exchange’s future involvement in similar events, such as the 2026 semiquincentennial celebration, remains a topic of discussion among industry participants.
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