Coinbase sponsored Trump's military parade, shareholders withdrew their investment, netizens angrily criticized: violating political neutrality

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ABMedia
06-17
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The well-known exchange Coinbase, by sponsoring the U.S. 250th Anniversary Parade, coinciding with U.S. President Donald Trump's birthday, has triggered a strong backlash in the crypto community. Many believe Coinbase has lost its "political neutrality", severely damaging its brand image and violating the decentralization spirit, with even Coinbase shareholders calling for divestment.

Coinbase Contradicts Its Own "Non-Partisan" Stance

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The U.S. Securities and Exchange Commission (SEC) held its fifth "Crypto Assets Roundtable" this morning on 6/10. New SEC Chairman Paul Atkins criticized the former chairman Gary Gensler's overzealous enforcement actions against the crypto industry, calling on the government to respect the potential of blockchain and establish more flexible regulatory guidelines to encourage innovation. He pointed out that the American free economy and property rights align perfectly with the DeFi concept, and proposed specific directions such as an "innovation exemption mechanism" and "self-custody".

DeFi Aligns with American Spirit, Miners and Block Validators Do Not Violate Securities Law

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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