Coinbase, a major cryptocurrency exchange, is planning to hire a thousand new employees in the US this year. This was announced by CEO Brian Armstrong on X (formerly Twitter).
A Boost from the White House?
Armstrong attributes this hiring spree to recent positive developments in the crypto regulatory landscape. He specifically cited President Trump’s executive order establishing a strategic Bitcoin and crypto reserve as a key factor. Armstrong believes this will spark significant economic growth, and Coinbase wants to be ready to capitalize on it.
More Than Just Hiring
Armstrong is optimistic about the future of crypto regulation in the US, highlighting what he sees as a pro-crypto Congress. He mentioned ongoing efforts to draft legislation on stablecoins and market structure, aiming for greater clarity on how different crypto assets are classified. He also hopes to see the strategic Bitcoin reserve formalized into law. The recent executive order naming Bitcoin, Ethereum, Solana, XRP, and Cardano as potential reserve assets briefly boosted the crypto market.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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