## Coinbase CEO Brian Armstrong Announces Plans to Hire 1,000 Americans in 2025
Brian Armstrong, the CEO of Coinbase, recently shared exciting news about his intention to hire 1,000 Americans in 2025, inspired by regulatory changes under President Trump. He made this announcement during the White House Crypto Summit, where he engaged with government officials to discuss the future of crypto regulation. This announcement follows the U.S. Securities and Exchange Commission (SEC) dropping its case against Coinbase, marking the end of a challenging period for one of America’s largest crypto exchanges. The legal battle had been a significant financial burden for Coinbase, but now the focus on regulation has shifted from the courts to Congress.
Armstrong participated in the White House crypto summit alongside Republican politicians and regulators in the state dining room. Just the night before, Trump had signed an executive order establishing a Bitcoin reserve, a move that Armstrong wholeheartedly supports. “You can’t really have a better holder of this asset than the United States government,” Armstrong remarked. “It’s becoming a core piece of the financial system, and I believe it will be part of every diversified portfolio over time.”
“It was a historic day at the White House Digital Asset Summit. Thanks to Trump’s leadership and David Sacks, the U.S. now has a Strategic Bitcoin Reserve and emerging regulatory clarity. This is directly translating to economic growth in the U.S. For instance, Coinbase plans to hire about 1,000 employees in the U.S. this year as a result of this renewed growth,” Armstrong stated in a message recorded outside the White House. Other notable attendees included Michael Saylor (Strategy), the Winklevoss twins (Gemini), and Kris Marszalek (Crypto.com).
Reflecting on the summit, Armstrong said, “We just left the digital asset summit at the White House. It was an incredible event and a truly historic moment for our industry. President Trump has breathed new life into the crypto sector.” A significant factor influencing Armstrong’s decision to hire 1,000 Americans was the SEC’s decision to drop its case against Coinbase, which provided much-needed relief and allowed the company to concentrate on business expansion rather than legal expenses.
In contrast, in 2023, Coinbase had to let go of 950 employees as part of a cost-saving initiative aimed at reducing operating costs by 25%. The company has faced challenges in the stock market, closing at around $217 on March 7, reflecting a decline of about 20% over the month. “The president made a promise,” said Bo Hines, director of the Working Group on Digital Assets, “that he’s going to make this country the crypto capital of the planet, and we’re well on our way to delivering that promise.” “We were just with 30 or so of the greatest luminaries in the space, and I think everyone was tremendously pleased.”
