What a disgusting little circle from @coinbase.
@brian_armstrong stood there and praised Trump like he personally resurrected crypto.
A crypto CEO bootlicking a wannabe autocrat and convicted criminal like a desperate cheerleader begging for access.
Coinbase donates.
Trump wins.
Coinbase planned 1,000 new US hires because of him.
Coinbase donated $1M to Trump’s inauguration.
The SEC case against #Coinbase disappeared shortly after, not because the SEC said Coinbase was right on the merits, but because the new political machine decided to “reform” its crypto approach.
And now?
Coinbase cuts around 700 employees.
Around 14% of the workforce.
The official language is always the same sterile corporate garbage: AI, efficiency, volatility, cost structure, leaner company, long term mission.
When companies want influence, they use money generated by users, fees, trading activity, custody, liquidity and the business built by thousands of workers.
When the political bet works, executives call it vision.
When normal people lose their jobs, they call it restructuring.
Brian Armstrong once built Coinbase around the idea of staying “mission focused” and not dragging the company into politics.
Then Coinbase became part of the most obvious political access machine in modern crypto.
The man backed Trump. The anti-decentralisation
The anti-freedom. The autocrat.
The company paid for access to this.
And it turned out as expected.
And the people who pay the price are not the ones sitting next to power.
It is the workers.
The same people who built the machine are the first ones thrown into it when the machine needs to look more profitable.
