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Cryptocurrency News Articles
Brian Armstrong Promises to Hire 1,000 New Workers to Grow the Cryptocurrency World
Mar 11, 2025 at 08:18 pm
The CEO of Coinbase recently shared a bold vision to grow the cryptocurrency world, announcing plans to bring 1,000 new workers on board
Coinbase CEO, Brian Armstrong, has shared an optimistic vision for the cryptocurrency world, revealing plans to bring 1,000 new workers on board across the U.S. in 2025. During the first-ever White House Crypto Summit, which was filmed outside the West Wing and shared on X Friday, Armstrong tipped his hat to President Donald Trump, attributing the administration’s sharp, proactive policies to kicking digital currencies into high gear.
“We’re planning to hire about 1,000 people here in the U.S. this year as a direct result of his actions already in the first 60 days or so,” Armstrong said of Trump’s leadership and focus on clear regulations, tying those efforts to a boost in the economy.
“President Trump has breathed life back into the crypto industry with his decisive actions and vision for the future. It’s no secret that the U.S. lags behind other nations in crypto adoption, and we’re at a critical crossroads where we can either choose to fall further behind or to take the lead and unleash the full potential of this technology to empower individuals, boost our economy, and strengthen our national security. But President Trump isn’t one to lag behind. He’s hit the ground running, and he’s already making waves.
“The president’s urgency is paying off. We’re already seeing signs of progress. Recently, the SEC dropped lawsuits against major crypto exchanges, and major crypto institutions like Gemini, Kraken, and Coinbase are now able to fully operate and serve U.S. clients without fear of legal repercussions. This shift in strategy is a huge win for the crypto industry and for the American people. It signals a move away from setting up roadblocks and toward facilitating growth and innovation within the crypto sector.”
Trump’s big goal is to put the U.S. at the forefront of digital assets that lit up the summit. He pushed Congress to pass crypto laws by August, stating, “I promised to make America the Bitcoin superpower of the world and the crypto capital of the planet, and we’re taking historic action to deliver on that promise.”
The event drew some major players, like Michael Saylor from Strategy and the Winklevoss twins, who run Gemini, showing just how much pull the industry is gaining.
This all comes as U.S. regulators start to ease up. The SEC recently let go of lawsuits against big names like Kraken, Gemini, and Coinbase, hinting at a shift toward supporting growth instead of throwing up walls.
At the same time, Coinbase is looking beyond borders, locking in registration with India’s Financial Intelligence Unit—a savvy step to jump back into a market eager for digital progress.
With rules easing up and strong backing from leadership, Armstrong’s pledge to hire more people reflects growing excitement in the crypto world. Coinbase’s steps show they’re confident the U.S. can lead the way in blockchain and financial tech, setting the stage for a thrilling new chapter.
Also Read: Patrick Bet-David Owns XRP but Keeps Bitcoin on Top
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- The Next Big Thing in Web3? Bitcoin Consolidates as Investors Eye Three Top Altcoins: Mantra, Memecoin, and Pi Network
- Apr 21, 2025 at 09:00 pm
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