Coinbase CEO Brian Armstrong has announced plans to hire 1,000 new employees in the U.S., citing President Trump’s pro-crypto stance and policy shifts as key drivers behind the decision.
Hiring Drive Linked to Pro-Crypto Shift
Leading cryptocurrency exchange Coinbase has announced plans to hire 1,000 new employees in the United States, aligning its growth strategy with the recent shift in federal policy favoring digital assets. The announcement was made by CEO Brian Armstrong in a video message shared on X.com, where he credited the Trump administration’s early moves in office for creating a favorable environment for the industry.
Armstrong said,
“President Trump has breathed life back into the crypto industry. Coinbase is 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.”
The move signals the platform’s renewed confidence in domestic expansion, driven by a policy pivot at the federal level that appears to favor digital assets more openly than in previous years.
Policy Reforms Fuel Optimism
The announcement follows a series of actions by the Trump administration aimed at bolstering the crypto sector. In under two months, the administration has introduced a strategic Bitcoin reserve plan—marking a first for the U.S.—and signed an executive order directing the creation of a national digital asset stockpile. The reserve will include crypto assets seized by the federal government through civil and criminal forfeitures.
Further, the executive order mandates the Treasury and Commerce Departments to develop “budget-neutral” strategies to expand Bitcoin holdings.
Trump: Make America Bitcoin Superpower of the World
The above initiatives were presented during the administration’s first Crypto Summit, a closed-door gathering at the White House attended by top industry executives, including Armstrong, Michael Saylor (MicroStrategy), and Gemini founders Tyler and Cameron Winklevoss.
President Trump, making a brief public appearance after the summit, emphasized his administration’s commitment to advancing crypto legislation. He urded Congress to pass the legislation before August, claiming,
“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.”
Hiring Details Yet to Be Disclosed
While the hiring announcement has generated optimism, Coinbase has not released a detailed hiring roadmap. A company spokesperson refused to add anything beyond Armstrong’s comments, indicating that the specifics of the recruitment plan are still under development.
The hiring pledge comes on the heels of the SEC dropping its legal action against Coinbase earlier this year, signaling a broader regulatory shift under the new administration. Similar cases against other exchanges, including Kraken and Gemini, have also been withdrawn.
Crypto Industry’s Political Alignment
The Trump administration’s pro-crypto orientation has also coincided with strong support from key industry players. Crypto executives were among the top donors to Trump’s election campaign. Kraken cofounder Jesse Powell contributed $1 million, while the Winklevoss twins also made substantial donations.
Despite favorable policy winds, the market remains under pressure. Bitcoin has declined 16% over the past month, trading below the $80,000 mark.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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