Crypto Craze: Governments Flock to Coinbase Post US Bitcoin Move

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In a turn of events that could make even the most jaded of socialites sit up and take notice, the world’s governments have been caught in a sudden and most uncharacteristic frenzy. It seems the allure of the U.S. Strategic Bitcoin Reserve, a bold stroke by the ever-colorful President Trump, has proven irresistible. Brian Armstrong, the dashing CEO of Coinbase, has regaled us with tales of how his exchange is now the belle of the ball, courting no fewer than 145 U.S. government organizations and a further 29 from beyond our shores. One can only imagine the queue of suitors forming at Coinbase’s door. 🎩✨

In a recent missive via Twitter, the ever-so-modest Mr. Armstrong declared, “Across federal, state, and local, Coinbase now works with 145 government entities in the U.S. and 29 government entities outside the U.S. In the wake of the U.S. Strategic Bitcoin Reserve launching, we’re seeing many more take an interest. We’d like to help everyone custody…” One wonders if he’s offering a dance or a partnership. 🕺💼

Across federal, state, and local, Coinbase now works with 145 government entities in the U.S. and 29 government entities outside the U.S.

In the wake of the U.S. Strategic Bitcoin Reserve launching, we’re seeing many more take an interest.

We’d like to help everyone custody,…

— Brian Armstrong (@brian_armstrong) March 12, 2025

The creation of the U.S. Strategic Bitcoin Reserve has proven to be the social event of the season, with even the most staid of departments considering a dalliance with digital currencies. The historic crypto summit at The White House was nothing short of a masquerade ball, where governments donned the mask of curiosity to peek into the world of cryptocurrencies. 🎭🌟

In a move that would make even the most seasoned of diplomats blush, Coinbase has managed to charm the Indian Financial Intelligence Unit (FIU). It seems the exchange is not just courting governments but winning their hearts as well. Could it be love at first blockchain? 💘🔗

As the crypto market in India continues to swell like a peacock in full plumage, Coinbase sees an opportunity to spread its wings. It’s not just the exchange that’s smitten with Bitcoin; governments too are considering blockchain as the new tool for secure transactions, records, and financial management. One can only hope they don’t fall too deeply in love and forget their duties. 💼❤️

Currently, Coinbase remains as active as ever in its courtship of government institutions, offering its services in portfolio management, due diligence, and technological assistance. And with plans to recruit 1,000 new employees in 2025, it seems Coinbase is not just confident in the crypto industry but also in its ability to keep the flame of romance alive. 🚀💼

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2025-03-13 08:39