Meet Brian Armstrong. CEO of Coinbase.
> lobbied Congress for years to get crypto legislation passed
> finally got a bill he helped shape
> bill had broad support White House, a16z, Ripple, Discord
> posted on X the night before the Senate vote
> single post killed months of negotiations > Senate postponed the markup next morning
> Trump's own crypto czar publicly called him out
> Jamie Dimon told him to his face he was "full of shit" at Davos
> went to Mar-a-Lago, blamed the banks
> said "no bill is better than a bad bill"
> did it again 3 months later with the new draft
>
#BoycottCoinbase trended
> Coinbase stock down 41% in 6 months
> Circle's IPO dropped 20% in a day
> bill still stuck. no date. no deal.
> stablecoin revenue? still $1.35B a year
> yield program? still running
bro torched a once in a decade crypto bill to protect one revenue line, made the entire industry wait, and called it principle
absolute hostage taker.