Part 9/12:
John Armstrong’s decision to prioritize Coinbase’s mission over political engagement sparked controversy. He clarified that the company would avoid entangling its brand in political debates, focusing instead on building a reliable, user-friendly infrastructure. This stance resulted in some employees leaving with exit packages, highlighting the tensions inherent in associating a disruptor like Coinbase with societal issues.
Armstrong reflected on the personal toll—realizing that public opinion and internal dissent could be overwhelming. Despite the fears and uncertainties, Coinbase’s influence was undeniable: the company had transformed from a dismissed startup to an institution shaping global finance.