Coinbase to Hire 1,000 US Workers Amid Trumps Pro-Crypto Policy Shift

The most well-known cryptocurrency exchange in the United States is poised to get even bigger. Indeed, Coinbase announced that it will hire 1,000 new US workers after the country’s continued pro-crypto policy shift under President Donald Trump. The platform’s CEO, Brian Armstrong, announced the decision in a new post on X (formerly Twitter).

The platform executive said that Trump “breathed life back” into the cryptocurrency industry. Since his return to the White House, the president has made the asset class a priority. In less than two months, he has already introduced the nation’s first Bitcoin reserve plan.

Also Read: SEC Intends to Dismiss Enforcement Case Against Coinbase

Coinbase Investing in US Amid Trump Administration Embrace

In late February, the US Securities and Exchange Commission (SEC) opted to drop its lawsuit against the Coinbase cryptocurrency exchange. That was driven by the nation’s continued shift to integrate and embrace the asset class as a whole. Now, the platform is answering that by making a clear investment in the country.

According to Coinbase CEO Brian Armstrong, the exchange will hire 1,000 US workers amid President Donald Trump’s ongoing pro-crypto shift. In a video posted to X on Friday, the executive discussed the role that Trump has played in the growth of the industry just two months back in the Oval Office.

Also Read: Coinbase (COIN) Posts Q4 Earnings, 23% Higher Than Expected

“President Trump has breathed life back into the crypto industry,” Armstrong said. “Coinbase is planning to hire about 1,000 people here in the US this year as a direct result of his actions already in the first 60 days or so,” he added. Moreover, the video was filmed outside the West Wing of the White House.

Armstrong, or Coinbase, has yet to unveil any specific hiring plans that will make the 1,000-person hiring intention achievable. Additionally, the promise was made after Trump’s inaugural White House Crypto Summit that took place Friday. Although sentiment is high, the market is still caught in a downturn. Bitcoin has fallen below $80,000, dropping 16% in the last 30 days, according to CoinMarketCap.