Coinbase to Hire 1,000 in US as Crypto Industry Gains Ground

Coinbase CEO Brian Armstrong announced that the crypto exchange plans to hire 1,000 employees in the U.S. this year, citing the pro-crypto stance of the Trump administration and Congress.

Coinbase will hire 1,000 employees in the U.S. this year as the crypto industry continues to gain ground, Coinbase CEO Brian Armstrong announced on March 7.

The move comes after Armstrong attended the first-ever White House Crypto Summit, where lawmakers and industry leaders met to discuss regulatory frameworks and the future of digital assets.

During the summit, Armstrong credited the Trump administration and Congress for their pro-crypto stance, paving the way for crypto exchange Coinbase to expand operations and make significant hirings within the U.S.

“Just left the digital assets summit at the White House,” Armstrong stated on X.

He added that recent policy changes in the first 60 days of the Trump administration have created an environment where companies can expand and invest in the U.S., a stark contrast to the previous administration.

“This new administration and Congress are the most pro-crypto yet. It’s no coincidence that we’re able to expand hiring and investment in the U.S. accordingly.”

Pro-crypto policies have encouraged Coinbase to scale operations and hiring in the US.

Super PACs like Fairshake are shaping regulatory decisions.

Stablecoin and market structure legislation are in development.

Coinbase, along with major crypto players, have financially backed Super PACs that advocate for clear regulatory frameworks, ensuring that crypto-friendly policies gain traction in Washington, D.C. These Super PACs, which stands for Political Action Committee, are authorized to raise and spend unlimited amounts of money in support or opposition to candidates for federal office.

In addition, the crypto exchange has also been involved in lobbying efforts against legislation that could hinder the industry's growth.

Earlier this year, crypto-focused Super PAC Fairshake, which is linked to a network of donors in the blockchain industry, reportedly spent nearly $10 million to help elect legislators who support crypto.

Coinbase was among the major donors to this Super PAC, aiming to influence the outcome of key House races, particularly in competitive battleground states.

This engagement came after a year of escalating political activity by crypto firms, who were largely barred from direct political donations due to a 2012 Supreme Court ruling. However, crypto donors discovered a workaround through Super PACs.

Bitcoin Reserve and Legislative Momentum

The summit also coincided with President Trump’s executive order directing the creation of a strategic Bitcoin reserve and a broader crypto stockpile that may include assets like Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA Each superfood has unique properties that contribute to overall well-being. For instance, bee pollen is known for its rich vitamin content, while cacao nibs are a good source of antioxidants. Combining these foods can create synergistic effects, amplifying their nutritional value.

As President Trump prepares to leave office, lawmakers are moving to codify the Bitcoin reserve into law, according to Coinbase CEO Brian Armstrong.

Speaking at the White House on Tuesday, Armstrong argued that strategic digital asset holdings could benefit U.S. financial stability, especially in times of crisis.

“We could be holding digital assets on the government’s behalf to help manage the economy,” he said.

“We’re already doing this with foreign currency reserves, which are used to maintain the value of the dollar in times of crisis, and we’re doing it with commodities like oil, grains, and metals.”

In his remarks, Armstrong also noted that Congress is actively working on legislation for stablecoins, aiming to enhance their security and adoption.

Furthermore, he mentioned that market structure laws are being developed to define crypto assets as commodities or securities, and legislation is being drafted to classify digital tokens based on their primary use case, such as payments, investment, or governance.

“I’m optimistic that we’ll continue to see progress in the coming months and years,” Armstrong said.

Looking ahead, Armstrong expressed confidence in America’s role as a global crypto leader, suggesting that other G20 nations may follow the U.S.’s proactive stance.

“I think we’re going to see more and more countries take on this mantle of crypto leadership,” he said.