Coinbase Marches into Trouble

by

It seems the good folks at Coinbase have managed to upset a fair number of crypto enthusiasts. Their crime? Sponsoring the 250th anniversary celebration of the US Army in Washington, D.C. 🎉 Because, you know, nothing says “decentralized, individual sovereignty” like a military parade 🤔.

Adam Cochran, a partner at Cinneamhain Venture, took to X to express his discontent, stating that he would be exiting his positions at Coinbase. And who can blame him? I mean, who wants to be associated with an organization that’s clearly tone-deaf to the crypto community’s values? 🙅‍♂️

Cochran pointed out that Coinbase had previously claimed it would remain politically neutral, but sponsoring a military parade in a divided country is, well, not exactly neutral 🤷‍♀️. It’s like they’re trying to alienate a large chunk of their user base 🚀.

This whole debacle comes at a time when the United States is experiencing some, shall we say, “interesting” times 🤯. With deepening political tensions and a president who’s, well, let’s just say “not exactly” known for his subtlety 🙄, it’s probably not the best idea to sponsor a military parade 🤦‍♂️.

But hey, what do I know? Maybe Coinbase just wanted to get in on the whole ” semiquincentennial celebration” action 🎂. After all, who doesn’t love a good party? 🎉

About five million people took to the streets to protest various Trump administration policies, including the deployment of military forces into Los Angeles and the deportation of undocumented immigrants without due process 🚫. So, yeah, maybe not the best time for a military parade 🤦‍♂️.

Captain Nemo, an X user, summed it up nicely: “What Coinbase did by sponsoring this army parade feels like an insult to everything our industry stands for” 🤕. I mean, crypto is all about decentralization, individual sovereignty, and freedom from oppressive state control, right? 🤔

The Culture of Crypto vs. Political Causes

So, what does this mean for the culture of crypto? 🤔 Well, it seems that some users are worried that growing ties between companies and governments might, you know, ruin the whole “anti-establishment” vibe 🤪.

Redditor GreedVault pointed out that this kind of thing might make people less likely to get involved with crypto, especially if they think it’s government-controlled 🚫. And who can blame them? I mean, who wants to be part of something that’s just a tool for the powers that be? 🤦‍♂️

Coinbase has, of course, made financial contributions to politicians before, including a $1 million donation to Trump’s inauguration fund 🤑. And let’s not forget CEO Brian Armstrong’s visits to Washington, DC, to push lawmakers to vote in favor of a bill to regulate payment stablecoins 📊.

The exchange’s chief policy officer, Faryar Shirzad, announced that Coinbase would also sponsor the 2026 semiquincentennial celebration for the US 🎉. Because, you know, one military parade just isn’t enough 🤣.

Read More

2025-06-17 00:11