Coinbase slammed for backing US Army parade

US President Donald Trump promoted a 250th anniversary celebration of the Army that coincided with his birthday, leading to a sharp divide in how many Americans spent June 14.

Update (June 16 at 10:13 pm UTC): This article has been updated to include more information on Coinbase’s financial contribution.

Coinbase is facing backlash from crypto users after sponsoring the 250th anniversary celebration of the US Army in Washington, D.C.

In a June 16 X post, Adam Cochran, a partner at venture capital firm Cinneamhain Venture, said he would be exiting his positions at Coinbase — stocks, bonds, and moving crypto assets — following the exchange’s sponsorship of the military parade.

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