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Coinbase’s New Policy: Anti-Woke or Just a Joke?

CEO Brian Armstrong’s letter has not just the crypto world but the larger world of tech and business talking about the role of corporations in society.

Breakdown 9.29

CEO Brian Armstrong’s letter has not just the crypto world but the larger world of tech and business talking about the role of corporations in society.

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This episode is sponsored by Crypto.comBitstamp and Nexo.io.

Monday, Coinbase CEO Brian Armstrong published the innocuously titled “Coinbase Is a Mission-Driven Company.”

While the post talked a lot about Coinbase’s core mission, its real goal seemed to be to make clear Coinbase would not be engaging with any other social or political issues beyond that, and to the extent employees wanted to do so they needed to do it on their own time.

The reactions were intense, immediate and in many instances, totally opposite.

In this episode, NLW breaks down the entire social media reaction and the arguments for and against this policy.

See also: Coinbase Has Drawn a Line in the Sand for Its Activist Employees

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

Nota: Las opiniones expresadas en esta columna son las del autor y no necesariamente reflejan las de CoinDesk, Inc. o sus propietarios y afiliados.

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.

Nathaniel Whittemore