Coinbase Faces Backlash Over ‘Tone-Deaf’ Sponsorship of US Army Parade

President Trump took out the US army in a military spectacle he drew Thousands of participants on Saturday and cost more than $ 45 million. While armed troops marched through Washington, DC, special recognition echoed through the sound system, thanking Crypto Exchange Coinbase for sponsoring events.

He was a moment Viewed millions of times Only on X, with Coinbase, facing significant criticisms of cryptocurrency users.

Peter Saddingtonwho claims he bought Bitcoin as early as 2011, he said Decipher That he shook his head when he saw a viral video. He believes that he betrays everything he is based on the crypto.

“The tone is deaf,” Saddington said. “They are focused on their shareholders and special interests around the fundamental point of bitcoin: human flourishing. To support war (or supporting mechanisms for war) is funny. This is like promoting a cancer society [tobacco giant] Philip Morris. “

Saddington is not alone. Coinbase sponsorship greeted restlessness throughout the industry, with Adam Cochran – a prominent Crypto X personality and founder of the investment company Venture–claiming that as a result he will go out to all his Coinbase positions.

“I was a Coinbase buyer for more than a decade and appreciate the early job they did in space,” Cochran wrote on x. “But for now, it’s time to vote with my wallet and use alternatives that are either alternated to my values ​​or that can actually retain their” credible neutral “attitude, rather than applying it only appropriate.”

In a 2020 Blog Written by the Coinbase Executive Director Brian Armstrong, claimed that the exchange “minimally focus on political causes and that he would not” advocate any special cause or candidate “who is not” unrelated “with his mission.

Whether the US Army Parade was calculated as a “political” mixed reaction on social networks since Saturday, although the loudest voices were those who say it.

Considering the strong rhetoric of President Trump against political opponents, his own reported a personally urging for Parade (which coincided with his birthday), an event contrary to protests against Trump across the nation and The Saturday, and The Saturday, and The Saturday, and The Saturday, and The Saturday, and The Saturday Military use around the world In bloody conflict, many cryptocurrency fans see sponsorship as breaking the Armstron’s pledge.

Confirmed by Coinbase spokesman Decipher that shouting events came as a result of a single donation American250A one -year, non -partisan initiative that wants to celebrate the 250th anniversary of the United States next year.

Other American sponsors250 include a non-alcoholic Coca-Cola giant, the Goldman Sachs investment bank, a defense contractor and a controversial data on data Palantir–which was also prominently shown as a sponsor during the event. Due to the aforementioned non -partition of the initiative, the exchange does not believe that it breaks its previous apolitical pledge.

Coinbase was also among Trump’s greatest donors cryptocurrencies once on duty, Positioning a million dollars In leadership to a Republican inaugural event.

“Coinbase probably just works to get more print and stay on the good side of the US government,” Kripto Influencer and Trump Meme coin Dinner Nick Pinto said Decipher. He added that sponsorship “is probably part of a larger plan”, before sharing theories that were more conspiracy.

Is Bitcoin anti -war?

Coinbase partly faced Bitcoin-The last and still most valuable curve of currency by market limit-inherently anti-war in nature.

“Bitcoin is an anti -war technology. You can’t afford to go to war when you can’t print infinite money,” he said, noting a limited Bitcoin offer. “If Bitcoin companies support mechanisms, entities and organizations that are part of any war machine, have lost the plot.”

The earth can Determine your currencyor lower its value by printing more on Help the financing of the war. The most significant, it happened in Germany during the 1st World War and resulted in post -war hyperinflation. Saddington claimed that Satoshi NakamotoThe famous Bitcoin white paper was a direct answer to this question, which suggested a solution built to use people that governments cannot control.

“The deeper shades are that the Fiat debate ruins the human flourishing. In order to maintain countries, they have to expand not only a cash offer but also expand the use of money,” he said. “The war, as we know, is a strong hand of a monetary policy and in a tandem that supports Fiat hegemony. It is antithetic throughout the purpose of bitcoin.”

“Fiat is a war tool”, pseudonym on the Sleuth chain chain Okhotshot added. “Governments have sanctioned countries with this. Satoshi protested against rescue of banks and currencies under the control of the Government-Arries is the last backbone of Fiat.”

Of course, Coinbase is not Bitcoin. Instead, it is a company that supports trading for hundreds of crypto currency, and each is designed with its ethos and contains a diverse supporter community. Bitcoin is just one of those coins. And a lot has changed since Bitcoin was first launched more than 16 years ago.

“Companies like Coinbase are part of this industry and sometimes work with large institutions, and even support events such as military anniversaries, just as other established companies do,” Okhotshot said Decipher. “This shift is natural as cryptocurrency grows and seems to reach more people, even if it means that the landscape looks a little different than in the early days.”

For some cryptocurrency users sponsorship is a sign of time. No longer the cryptocurrency of the thoughtful counterculture filled with anarchists against establishment. Instead, the industry enters bed with governments, and the US president is deeply intertwined with cryptocurrencies.

This is not a better example of now -a creating a Strategic Bitcoin reserve ia Digital supplies of property Under President Trump, who has his own your own coin for personal meme,, NFTSand other crypto projects – to his family is also connected more crypto initiative.

“It becomes more than just a control or anti-banking movement. Now it grows into something real, a new money system that more people can use and believe,” web3 marketer Ishita Pandey said Decipher. “We see that cryptocurrencies are moving from rebellion to relevance. It is no longer just about the fight against the system, but about the construction of something better with it.”

Edited Andrew Hayward