Coinbase's CEO, Brian Armstrong, announced the company’s plans to expand its workforce in the U.S. by hiring 1,000 new employees this year.
This move follows positive developments from the White House Crypto Summit, where regulators shared insights on the future of digital assets.
Armstrong attributed the boost in Coinbase’s hiring plans to recent actions by President Donald Trump, particularly his executive order establishing a strategic reserve for Bitcoin (BTC) and other cryptocurrencies.
According to Armstrong, these policies are expected to spark a significant economic shift, and Coinbase aims to be ready for the growth that follows.
Armstrong also highlighted that the current Congress is the most pro-crypto it has seen, with various legislative efforts underway. Stablecoin regulation is being addressed, and new laws are being considered to clarify the categorization of crypto assets.
Armstrong expressed optimism about formalizing the strategic Bitcoin reserve into law, viewing these steps as crucial for the industry’s future growth.
Jefferies chief market strategist David Zervos believes an upcoming power shift at the Federal Reserve could benefit U.S. equity markets.
Anchorage Digital, a federally chartered crypto custody bank, is urging its institutional clients to move away from major stablecoins like USDC, Agora USD (AUSD), and Usual USD (USD0), recommending instead a shift to the Global Dollar (USDG) — a stablecoin issued by Paxos and backed by a consortium that includes Anchorage itself.
Ethereum co-founder Vitalik Buterin has voiced concerns over the rise of zero-knowledge (ZK) digital identity projects, specifically warning that systems like World — formerly Worldcoin and backed by OpenAI’s Sam Altman — could undermine pseudonymity in the digital world.
A new report by the European Central Bank (ECB) reveals that digital payment methods continue to gain ground across the euro area, though cash remains a vital part of the consumer payment landscape — particularly for small-value transactions and person-to-person (P2P) payments.