Trump’s Crypto Push Spurs Coinbase to Expand U.S. Workforce

WASHINGTON, D.C. — Coinbase CEO Brian Armstrong announced plans to hire 1,000 employees in the U.S. following policy progress under President Donald Trump's second term. Speaking after the White House's crypto summit, Armstrong cited a favorable regulatory shift as a key driver for expansion.

The move follows the U.S. Securities and Exchange Commission's (SEC) decision to drop its legal battle against Coinbase, shifting regulatory discussions to Congress. This change removes a major financial and legal burden from the exchange, allowing it to focus on growth.

During the summit, Trump’s executive order to establish a U.S. Bitcoin (BTC) reserve took center stage. Armstrong supported the initiative, calling the government an ideal holder of Bitcoin and predicting its role in diversified financial portfolios.

Coinbase played a significant role in the 2024 election, funding the pro-crypto political action committee Fairshake, which helped elect crypto-friendly candidates. Armstrong confirmed ongoing support for the PAC.

Bo Hines, executive director of Trump’s Working Group on Digital Assets, reinforced the administration’s commitment to making the U.S. the "crypto capital of the planet." He noted that discussions at the summit, attended by top industry figures, focused on how the U.S. Treasury and Commerce departments could acquire Bitcoin without burdening taxpayers.

With growing regulatory clarity and White House support, the crypto industry is gaining momentum, and Coinbase is betting on a U.S.-based expansion to capitalize on the shift.