Coinbase CEO Brian Armstrong announced that the company plans to hire 1,000 people in the US in 2025 due to the recent shift in government policy towards cryptocurrency. This move comes after the White House hosted a crypto summit, where Trump’s administration expressed enthusiasm for investing in the industry.
The summit, which brought together top crypto leaders and regulators, marked a significant milestone in the industry’s progress under President Donald Trump’s second term. Armstrong was among those attending, and he cited the change in policy as a “tailwind” that has boosted his confidence to invest in the US market.
Coinbase had been engaged in a high-profile legal dispute with the Securities and Exchange Commission over regulatory jurisdiction for digital assets. However, with the SEC abandoning its enforcement action, Armstrong believes the industry is moving forward at an accelerated pace.
The White House’s executive order on bitcoin, which called for the establishment of a bitcoin reserve, was also endorsed by Armstrong. He sees this as a positive development, stating that “you can’t really have a better holder of this asset than the United States government.”
Bo Hines, the president’s working group chief on digital assets, echoed Armstrong’s sentiments, saying that Trump is delivering on his promises to make the US the “crypto capital of the planet.” Hines noted that the administration is committed to exploring ways to add active investment to the bitcoin reserve.
With this new development, Coinbase is poised to take advantage of the growing interest in cryptocurrency. The company plans to hire 1,000 people in the US, marking a significant expansion of its operations. This move is expected to have a positive impact on the industry as a whole, and Armstrong’s comments suggest that the future looks bright for crypto in the US market.
Source: https://www.coindesk.com/policy/2025/03/07/coinbase-ceo-armstrong-says-he-ll-hire-1-000-in-u-s-as-crypto-tide-turns