PANews reported on April 16 that according to CoinDesk, Strive Asset Management CEO Matt Cole wrote an open letter urging financial software developer Intuit (INTU) to revoke its so-called "censorship policy" and "anti-Bitcoin bias" after successfully persuading video retailer GameStop to convert part of its cash reserves into Bitcoin, in order to avoid jeopardizing long-term shareholder value.
In an open letter to Intuit on April 14, Cole mentioned a recent incident: Mailchimp, an email marketing platform owned by Intuit, disabled the account of the Trojan Bitcoin Club, a student organization at the University of Southern California, for mentioning cryptocurrency in emails sent to members. Cole stated that such actions expose Intuit to reputational and legal risks, especially as public concerns about tech censorship grow and federal regulatory agencies, including the Federal Trade Commission (FTC), begin investigating platform discrimination based on speech or associations. The letter calls on Intuit to restore accounts banned for Bitcoin-related content and revise Mailchimp's content policy to eliminate political considerations. It also urges Intuit to consider incorporating Bitcoin into its corporate treasury reserves to hedge against AI-driven disruption.
