Coinbase CEO, just made a strong and straightforward move, declaring:
1️⃣ Termination of cooperation with law firms:
- He affirmed that he will stop working with any law firm that is hiring individuals who have harmed the crypto industry.
- This is a deterrent statement, sent to organizations and individuals who intentionally sabotage the crypto industry without providing fair rules.
2️⃣ Criticism of ethical violations:
- Armstrong stressed that it is unethical to deliberately “destroy” a young field like crypto, especially when there is no clear and fair legal framework.
3️⃣ Call for community solidarity:
- He also called on the crypto community to stop financially supporting entities or individuals whose actions are harmful to the industry.
- This is a reminder for the community to unite to protect the future of crypto, instead of letting outside forces destroy it.Why is this move important?Protecting the crypto industry:
- Armstrong shows that Coinbase is not only an exchange but also a “protector” for the crypto industry against negative forces.
Putting pressure on law firms and organizations:
- Law firms and organizations should consider carefully before cooperating with individuals or organizations that have negative behavior towards crypto.
Strengthening faith:
- This action strengthens the community's trust in Coinbase and Brian Armstrong, showing that he is willing to stand up for the common good of the industry.
