Washington, DC – As he walked out of the White House’s Crypto Summit on Friday, Coinbase CEO Brian Armstrong said his US exchange was planning to hire a thousand people because of the development of the policy that the industry seemed to be doing at the beginning of President Donald Trump’s second term.
“It’s just, what, 50 days or something like this, and it’s created enough a tailwind that makes us feel more confident in investing in the United States and our business is growing here,” Armstrong told CoinDesk. He said the rent would take place this year.
Coinbase, in particular, has watched the US Securities and Exchange Commission to completely abandon this action of implementation against the leading US crypto platform. The company is fighting for expensive legal disputes with federal courts with key questions in regulatory jurisdiction over digital ownership. That question is in the hands of Congress rather than continuing as a court conflict and a dragging of Coinbase’s resources.
Armstrong belongs to twelve -two people filled in the White House state for the first crypto summit with the White House, leading regulators and senior members of Congress. The big news that entered the meeting was Trump’s executive order the night before it was called for the establishment of a Bitcoin (BTC) reserve, which Armstrong sponsored.
“You can’t have a better holder of this owner than the United States government,” he said. “It becomes a major piece of the financial system, and I think it will be a part of every sari -a portfolio over time.”
Coinbase was a pivotal player during the 2024 election, putting tens of millions of dollars to the political action committee dedicated to the Crypto fairshake. He said the Coinbase will continue to support Super PAC, which has done “an incredible job” in strengthening pro-crypto candidates.
Bo Hines, the executive director of the president’s working group in digital assets, told CoinDesk that Summit on Friday represents Trump’s promise to the industry.
“The President has promised that he will make this country the capital of the planet’s crypto, and we will be well in delivering that promise,” he said in an interview after the end of the summit, where the ideas of the crypto reserve played a significant part.
“We are only 30 or more of the greatest luminaries in space, and I think everyone is very pleased,” he said.
In response to industry concerns that the Bitcoin Reserve was not first fixed to include new investment, he said the Treasury and Commerce Department secretaries had ordered to weigh the methods of buying bitcoins without burdening taxpayers, and “they were both excited to look at ways to do it.”
