Coinbase CEO prompts furious accusations of hypocrisy as he pushes political misinformation

Not up to a month after Brian Armstrong declared Coinbase will have to “be laser concerned with reaching its undertaking,” he apparently violated his personal coverage by way of tweeting a political publish riddled with falsehoods… throughout trade hours. 

In an Oct. 23 tweet from Armstrong’s non-public account, the Coinbase CEO posted a hyperlink to a weblog written by way of Rob Rhinehart on Kanye West’s presidential run with the tagline “epic publish.” 

Rhinehart’s Twitter account is now not to be had for unknown causes, despite the fact that its absence is also associated with the inaccuracies and outright falsehoods contained within the publish — even though it have been written as satire, as some have speculated. 

Those lies come with the declare that Democratic presidential candidate Joe Biden’s son “killed himself” — in truth Beau Biden died from mind most cancers in 2015. Twitter up to now locked the New York Submit’s account for a piece of writing making unverified claims about Hunter Biden. 

The weblog publish, entitled “Why I’m Vote casting for Kanye West,” additionally apparently is going in opposition to Armstrong’s stance on expressing political beliefs on the crypto company. 

Do as I say, no longer as I do

In September, Armstrong wrote a arguable weblog publish claiming Coinbase’s undertaking didn’t come with advocating “for any explicit reasons or applicants internally which can be unrelated to our undertaking as a result of this is a distraction from our undertaking.” 

“We gained’t debate reasons or political applicants internally which can be unrelated to paintings,” said Armstrong on the time. He added that Coinbase staff will have to no longer “be expecting the corporate to constitute our non-public ideals externally.”

Some individuals of the crypto group accused the Coinbase CEO of outright hypocrisy for creating a political commentary — at 12:12 PM PST on a trade day, assuming Armstrong works an identical hours to these of his staff.

“Calling this ‘epic’ presentations very deficient judgment,” said Josh Elman, a board member at project capital staff Greylock Companions. “It is full of propaganda, false claims, and nonsense. 

Having accept as true with within the judgment of our leaders (even though we don’t consider their choices) is vital in a CEO in addition to president. This undermines accept as true with in you.”

Different customers on Twitter assumed the publish used to be intentionally deceptive.

“That article has were given to be satire, proper? If no longer, it’s some of the tone deaf, merciless, and grossly counterfactual load of tripe I’ve ever noticed,” said Twitter consumer jray. “I’d truthfully be rather embarrassed to paintings with/for somebody who believed this.”

Sarcastically, the debate surrounding Armstrong’s contemporary tweet is precisely what he stated he was hoping to steer clear of by way of making Coinbase an “apolitical tradition.” 

“There’s a blurry line between ethical statements and politics. Lets use our paintings day debating what to do about quite a lot of unrelated demanding situations on this planet, however that might no longer be in provider of the corporate or our personal pursuits as staff and shareholders.”

Sixty Coinbase staff, or more or less five% of its group of workers, reportedly left the crypto company following the September announcement. Armstrong claimed in an Oct. 1 assembly that a “silent majority” of staff sided with him on conserving politics out of Coinbase. Then again, some who stayed have allegedly felt their freedom of speech has been stifled, with group of workers being required to erase positive politically-themed correspondence posted internally at the Slack messaging platform. There’s no constitutionally mandated proper to unfastened speech inside personal firms, then again. 

“In case your authentic ‘no politics at paintings’ rule hasn’t pushed out good other folks out of your corporate, describing this rambling idiocy as ‘epic’ surely will,” said Twitter consumer Gleb Bahmutov.

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