The chief executive of Coinbase says that the crypto exchange is planning to hire 1,000 new employees in the US this year.
In a new thread on the social media platform X, Coinbase CEO Brian Armstrong says the firm is going on a hiring spree after hearing what regulators had to say about the digital assets industry at the White House Crypto Summit.
According to Armstrong, President Donald Trump’s signing of an executive order last week to create a strategic Bitcoin (BTC ($82,541.47)) and crypto reserve will lead to an economic boom for the US, one that Coinbase plans to be ready for.
“President Trump has breathed life back into the crypto industry. Coinbase is planning to hire about 1,000 people here in the United States this year as a direct result of his actions… These policies really matter. This is also the most pro-crypto Congress we’ve ever seen as well…
We’re going to see if we can get some legislation passed as the next step. There’s already stablecoin legislation being drafted in the House and the Senate, there’s market structure legislation that will help clarify which of these crypto assets are commodities, securities, payment tokens or something else like artwork.
And I think we can get the strategic Bitcoin reserve that got announced [earlier] codified into law.”
Last week, Trump named Bitcoin, Ethereum (ETH ($2,025.63)), Solana (SOL ($127.99)), XRP ($2.13) (XRP) and Cardano (ADA ($0.72)) as potential reserve assets, causing the markets to briefly rally.
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