Friday, March 29, 2024
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The curious case of Coinbase — employees driven out by ‘apolitical’ stance

America’s largest cryptocurrency exchange, Coinbase, made headlines over the past few weeks for an internal culture change that effectively told employees that there will be no space for social activism within its walls. Furthermore, a recently leaked audio apparently reveals that most employees approve of the new direction.The “apolitical” stance that

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5% of Coinbase Employees Take Severance Offer Over ‘Apolitical’ Stance

Coinbase has lost 60 people from its 1,200-person staff after an updated mission statement from CEO Brian Armstrong sparked fierce debate over how companies should respond to today’s charged politics.In a companywide memo obtained by CryptoX, Armstrong informed employees that 5% of the company’s workforce had accepted the severance package

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Crypto Long & Short: Coinbase’s ‘Apolitical’ Stance Isn’t Nearly as Simple as It Sounds

As if the ructions of the year aren’t giving us enough cause to re-examine things we thought we understood, now we find ourselves questioning what a company is for, and what role it should occupy in society and in employees’ lives. Earlier this week, Coinbase co-founder and CEO Brian Armstrong published

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Preston Byrne: Why Apolitical Solutions Like Bitcoin Are the Internet’s Future

Preston Byrne, a columnist for CryptoX’s Opinion section, is a partner in Anderson Kill’s Technology, Media and Distributed Systems Group. He advises software, internet and fintech companies. His biweekly column, “Not Legal Advice,” is a roundup of pertinent legal topics in the crypto space. It is most definitely not legal

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