
Hines, the head of the president’s working group, claimed that Trump is fulfilling his pledges on cryptocurrency, while Brian Armstrong said that recent changes in policy call for a fresh push in the United States.
KEY FACTS:
According to Coinbase CEO Brian Armstrong, the company will hire 1,000 employees by 2025 as a result of the change in the U.S. government’s attitude toward cryptocurrencies.
Armstrong was one of the crypto leaders who attended Friday’s White House crypto event.
The head of Trump’s working group on cryptocurrency, Bo Hines, told CoinDesk that the administration is “excited” to explore ways to increase active investment in order to further expand the government’s new bitcoin reserve.
Washington, D.C. — Coinbase CEO Brian Armstrong stated as he left the White House’s crypto summit on Friday that his U.S. exchange plans to hire 1,000 workers because to the industry’s apparent policy advancements at the start of President Donald Trump’s second term
“It’s only been, what, 50 days or something like that, and it’s already created enough of a tailwind that we feel more confident in investing in the United States and growing our business here,” Armstrong stated to CoinDesk. The hiring will happen this year, he said
In particular, Coinbase saw the U.S. Securities and Exchange Commission drop its crucial enforcement action against the top cryptocurrency platform in the United States. The business had been engaged in a costly legal battle in federal courts concerning basic issues of regulatory jurisdiction pertaining to digital assets. Instead of continuing as a legal battle and a burden on Coinbase’s resources, that question is now in the hands of Congress.

At the first crypto meeting with the White House, top regulators, and prominent Republican members of Congress, Armstrong was one of dozens of people who jammed into the State Dining Room. Trump’s executive order the previous evening, which Armstrong supported, called for the creation of a bitcoin (BTC) reserve, was the major storyline leading up to the conference.
“You can’t really have a better holder of this asset than the United States government,” he stated. As it develops into a fundamental component of the financial system, I believe it will eventually be included in all diversified portfolios.
Coinbase was a pivotal player during the 2024 election, putting tens of millions of dollars toward the crypto-focused political action committee Fairshake. He said Coinbase will keep backing the super PAC, which did “an incredible job” in boosting pro-crypto candidates.
The President’s Working Group on Digital Assets’ executive director, Bo Hines, told CoinDesk that Friday’s gathering was a sign of Trump’s dedication to the sector.
In a post-summit interview, he stated that “the president made a promise that he’s going to make this country the crypto capital of the planet, and we’re well on our way in delivering that promise,” in which the ideas from the crypto reserve were a major component.
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