March 11, 2025

By Our Correspondent

Coinbase is poised for significant expansion, with plans to recruit 1,000 new employees in the United States by 2025, as announced by CEO Brian Armstrong. This initiative is a response to the evolving landscape of cryptocurrency regulations in the country, which is providing companies like Coinbase with increased operational confidence.

Armstrong attributes this hiring initiative to the advancements in cryptocurrency regulations under the administration of former President Donald Trump. He noted that the government’s commitment to creating a more transparent regulatory framework has facilitated Coinbase’s growth within the US market.

This marks a notable turnaround from previous years, during which challenging market conditions led to the termination of 1,100 employees in 2022, representing approximately 18% of the company’s global workforce. With a more stable legal environment now in place, Coinbase is shifting its focus towards investing in new talent.

A significant development in this context is the US Securities and Exchange Commission (SEC) retracting its enforcement actions against Coinbase. This shift indicates that regulatory authority will now be assumed by Congress, rather than the SEC, in determining cryptocurrency laws.

For Coinbase, this transition removes a substantial obstacle, allowing the company to prioritize growth over legal challenges, as it is no longer under the scrutiny of the SEC. Armstrong’s announcement regarding the recruitment of new personnel reflects this newfound optimism.

This announcement followed the recent Crypto Summit held at the White House, where government officials and industry leaders convened to discuss regulatory frameworks for digital assets that would benefit both investors and businesses. Armstrong indicated that the discussions at the summit played a role in shaping Coinbase’s hiring strategy.

Advocates for cryptocurrency have long sought clearer regulations in the United States, believing that such measures will foster industry growth while ensuring that companies operate within a defined legal framework.