Coinbase to Hire 1,000 Amid U.S. Crypto Shift

Coinbase plans to hire 1,000 new U.S. employees in 2025, attributing this expansion to regulatory clarity and pro-crypto policies under President Trump's administration. CEO Brian Armstrong announced the hiring spree at a White House crypto summit, highlighting the U.S. government's efforts to create a favorable environment for the cryptocurrency industry. This move follows the U.S. SEC dropping its legal actions against the exchange, allowing Coinbase to focus on growth rather than legal battles. Market reactions were positive, with a surge in trading activity and an increase in Bitcoin's price, reflecting investor confidence in Coinbase's future prospects. Armstrong emphasized that the regulatory changes have created a significant tailwind, encouraging Coinbase to invest more heavily in the U.S. market. The announcement was made amidst a broader market shift, with Bitcoin reaching $65,000 and Ethereum showing mixed responses in trading volumes.