Coinbase slammed for backing US Army parade
US President Donald Trump promoted a 250th anniversary celebration of the Army that coincided with his birthday, leading to a sharp divide in how many Americans spent June 14.
Coinbase is facing backlash from crypto users after sponsoring the 250th anniversary celebration of the US Army in Washington, D.C.
In a June 16 X post, Adam Cochran, a partner at venture capital firm Cinneamhain Venture, said he would be exiting his positions at Coinbase — stocks, bonds, and moving crypto assets — following the exchange’s sponsorship of the military parade.
Cochran criticized the company for taking a political stance despite having previously said it would not advocate for certain causes. “[W]hile I don’t agree with being political silent (obviously) I can justify a business choosing to remain politically neutral and cause focused,” said Cochran.
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