Coinbase raises anger in the auspices of a military procession in Washington, DC star-news.press/wp

Coinbase was found at the United States -based Coinbase at the Center for Controversy after a wide -ranging military parade in Washington, DC, which represents the first such decades such event. The offer, which was held to celebrate the twenty -fifth anniversary of the United States, is many companies’ sponsors, including exchange.

The discussion explodes about the role of Coinbase in the military parade

It attracted the event, organized by America 2550-the official body responsible for celebrating the anniversary of the anniversary of well-known companies, including the Palantir software, the developer of Lockheed Martin, the retail company Walmart, Coca-Cola, and Chryer.

but, According to For Fortune, Coinbase’s participation sparked a discussion about the compatibility of the encryption industry with the display of military force, despite its institution in opposing the central authority.

“Many” within the cryptocurrency community expressed discomfort by the Coinbase’s decision to sponsor the show. Critics argue that this step contradicts the basic spirit of EncryptionWhich slows down independence from the influence of the government.

One of the users on social media expressed his discontent with the stock market, saying: “What Coinbase did by sponsoring this offer the army seems to be an insult to everything our industry.”

Currency shares rise despite controversy

Adam Kokran, the administrative partner of Cinneamhain Ventures, has announced his intention to sell his shares in Coinbase and withdraw his assets from the platform due to care.

Kokran cited the company’s private policy, which states that it does not defend the political reasons that have nothing to do with its mission, as a reason for his discontent, he said:

Caring for a military procession, in a divided country, with the already division views of encryption is not correct in this policy. It is just a bad marketing that harms the adoption of this industry.

Despite the opposite reaction, some supporters defended the actions of Coinbase, on the pretext that the army is a non -political institution and that caring for such an event does not mean political affiliation.

A user commented for the defense of Coinbase, “$ currency that supports our army in no way is not involved in their political affiliation. The army must always be non -political in favor of the nation.”

While it is still not clear how much Coinbase has invested in care or whether senior executives, including CEO, Brian Armstrong, attended the event, Market reaction It was significantly positive. Coinbase shares have seen 11 % increase after the offer to close today.

On Monday, Coin shares opened at $ 235. However, with the increase in encryption rates throughout the day, the stock exchange closed at $ 261. However, a much lower metal currency is traded than the highest annual level of $ 310, which was reached during the ups of the first quarter in the wider encryption market.

Distinctive image from Dall-E, Chart from TradingView.com

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