Coinbase’s Hiring Push
Coinbase CEO Brian Armstrong announced the crypto exchange will hire 1,000 new employees in the U.S. this year. The decision follows discussions at the White House Crypto Summit, where regulators addressed policies for digital assets.
Trump’s Executive Order Sparks Optimism
Armstrong linked the hiring spree to former President Donald Trump’s recent executive order, which aims to create a national Bitcoin and crypto reserve. He called this move a potential “economic boom” for the U.S., stating, “President Trump has breathed life back into the crypto industry.”
Crypto Legislation in Progress
Armstrong highlighted Congress’s growing support for crypto, calling it the “most pro-crypto Congress we’ve ever seen.” Key steps include:
- Stablecoin Laws: Bills are being drafted in both the House and Senate.
- Market Structure Rules: Clarifying whether crypto assets are commodities, securities, or other categories.
- Bitcoin Reserve Plan: Turning Trump’s proposed Bitcoin reserve into official law.
Trump’s Crypto Picks Boost Markets
Last week, Trump named Bitcoin, Ethereum, Solana, XRP, and Cardano as possible reserve assets. This caused a short-term surge in crypto prices, reflecting market optimism.
What’s Next?
Coinbase aims to capitalize on these policy shifts by expanding its workforce and pushing for clearer regulations. Armstrong emphasized, “These policies really matter,” signaling confidence in the industry’s U.S. growth.
