After sponsoring the 250th anniversary ceremony of the US Army in Washington, DC, Coinbase is facing backlash from Crypto users
In the X Post on 16 June, Adam Kochran, a partner in the venture capital firm Cinemahen Venture, Said He will exit his positions in the coinbase – stock, bonds and moving crypto assets after sponsoring the exchange of military parade.
Koharran criticized the company to take a political stance despite being the first. Said This will not advocate some reasons. Koharran said, “(W) Hile I do not agree with political silent (obviously) I can hold a business right to remain politically neutral and focus.”
“This is appropriate. But sponsoring a military parade in a divided country, is already not right for this policy with ideas of division of crypto; and even if it was not strange and gross, it is just a bad marketing that hurts by adopting this industry (SIC).”
Criticism of members of the Crypto community is amidst deepening political tensions in the United States.
The Saturday’s program was officially promoted as a semi -working ceremony for the US Army, with public support from US President Donald Trump, who celebrated his 79th birthday the same day.
The parade was the law and her husband of a Minnesota state on the same day Killed In his house, a crime some officials said that it was politically motivated. The attacker also tried to kill a sitting state senator and his wife on Saturday.
Around five million people gathered in American cities to oppose several policies of the Trump administration, including sending military forces in Los Angeles and extinguishing unspecified immigrants without any procedure.
“What the coinbase did by sponsoring this army parade feels like an insult to do everything standing for our industry,” Said X user Captain Nemo in the post of June 15. “Crypto emerged from the ideals of freedom from decentralization, personal sovereignty, and oppressive state control – not for funnel resources in institutions whose main objectives include ending violence and life.”
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Culture of Crypto vs political reasons
Online discussion between crypto users Focused Increasing relations between companies and governments can mean the culture of an industry, created after the 2008 financial crisis and seen as a supporter-living and installation.
“For those who have never tried Crypto and only listen to such narratives, it may be as being controlled by the government, which reduces the chances of joining them at any time,” Redter Laldwolt told the coinbase sponsor.
“And when I am not trying to make excuses for the coinbase, I think Trump’s tendency is a tendency to retaliate against those who defy him, it’s nothing to take it lightly (…)”
https://www.youtube.com/watch?v=VKCCRVDC0
Coinbase has earlier contributed financially to politicians, contributing $ 1 million to Trump’s opening fund. CEO Brian Armstrong too Washington, DC traveledFor the President’s march crypto summit and in May to push MPs to vote in favor of a bill to regulate Stabecrims.
Chief Policy Officer of Exchange, Farar Shirzad, Announced At the Bitcoin 2025 conference in Las Vegas that the company will also sponsor the 2026 Semicinantenial festival for the US. A coinbase for cointelegraph comment reached to the spokesperson, but did not receive the response at the time of publication.
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