Coinbase Sponsors Trump Parade… Community Criticism Emerges

Uk Jin

Summary

It was reported that controversy erupted in the community after it was revealed that Coinbase sponsored President Trump's military parade.
Within the crypto community, some are criticizing Coinbase, stating that its actions go against the spirit of resistance of Bitcoin (BTC).
Some community members pointed out that crypto assets are no longer part of the countercultural movement.

A large-scale military parade commemorating the 250th anniversary of the founding of the U.S. Army was held in Washington, D.C., the U.S. capital, on June 14 (local time), the 79th birthday of former President Donald Trump. It has been revealed that Coinbase, a cryptocurrency exchange, was among the companies sponsoring the military parade, sparking controversy within the community.

According to CryptoSlate, a cryptocurrency-focused media outlet, on the 15th (local time), Coinbase sponsored the military parade together with 22 companies, including Amazon and Palantir.

Within the cryptocurrency community, there has been criticism of this move. Some argue that it goes against the spirit of resistance embodied by Bitcoin (BTC). Felix Jaubin, host of the Forward Guidance podcast, remarked, "I no longer think of crypto assets as a countercultural movement."

Another X user mocked, "It seems like 30% of the crypto community has switched from being libertarians to MAGA (Make America Great Again, Trump's slogan) sycophants."