Coinbase sponsors Trump's military parade, shareholders withdraw funds, netizens angrily criticize: Violating political neutrality.

The well-known exchange Coinbase sponsored the 250th anniversary parade event in the United States, coinciding with the birthday of President Donald Trump (, triggering a strong rebound in the crypto world. Many believe that Coinbase has lost its "political neutrality," which not only severely damages its brand image but also violates the spirit of decentralization, with even Coinbase shareholders calling for divestment.

Coinbase slaps its own "nonpartisan" stance.

On June 14, US President Trump celebrated his 79th birthday, and the American Army's 250th anniversary parade event "America250" was also held in Washington, D.C., where Coinbase was prominently featured on the sponsorship list. Previously, the CEO of Coinbase announced to the public in 2020:

"The company will not participate in political or social movements unrelated to the mission of the crypto industry."

Although the military parade is touted as a "non-partisan commemorative event," its connection with the military celebration openly supported by Trump has ignited dissatisfaction in the crypto world.

Coinbase claims to be politically neutral, yet its brand name was displayed at a military parade in the United States. Coinbase shareholders are calling for a pullout, and netizens are saying: "A disgrace to the values of the crypto world."

In this regard, Adam Cochran, co-founder of the venture capital firm Cinneamhain Ventures, stated on Twitter on 6/16 that he would withdraw his investment from Coinbase, including stocks, bonds, and crypto assets.

He criticized Coinbase for violating its own "political neutrality" stance, choosing instead to publicly support military activities during this sensitive moment. Cochran stated:

"This is a terrible marketing strategy that is harmful to the promotion of the entire crypto world. Please think carefully and return to your original intention, Coinbase!"

This move has also sparked heated discussions in the crypto world, with netizens posting:

"The birth of cryptocurrency is for Decentralization, personal sovereignty, and to escape national oppression, not to send resources to those institutions that essentially survive on violence and killing."

Coinbase has long been in communication with the government.

Coinbase has previously had frequent interactions with the government, including donating 1 million dollars as a political contribution to Trump's campaign. CEO Brian Armstrong has also met with congressional members in Washington several times to promote stablecoin regulation legislation.

Former joint campaign manager of U.S. President Donald Trump ) Chris LaCivita also joined Coinbase's Global Advisory Council. Coinbase's policy head Faryar Shirzad also announced at "Bitcoin 2025" that they will continue to sponsor the 250th anniversary celebration of the founding of the United States in 2026, showing that Coinbase is actively involved in public affairs.

However, according to exclusive news from Cointelegraph, Coinbase is only providing a one-time financial aid to "America250", which claims to be a politically neutral official commemorative event organization.

The sponsored event coincides with a political assassination and a nationwide march.

What made this incident even more explosive is that on the same day, a state legislator from Minnesota was shot and killed at home along with his family, leading to suspicions of a political motive behind the act; the shooter even attempted to attack another state legislator and their spouse.

In addition, about 5 million people across the United States took to the streets that day to protest a series of controversial policies from the Trump administration, including deploying troops to Los Angeles and the unchecked deportation of illegal immigrants. These incidents made Coinbase's sponsorship actions particularly sensitive.

It may be difficult for the crypto industry to avoid politics.

The controversy surrounding Coinbase also highlights the long-standing contradictions in the crypto industry. The industry was originally built on ideals such as "Decentralization," "Rebound," and "anti-government monopoly oppression."

However, as companies grow larger, if cryptocurrencies are to be brought into the mainstream and truly take root, it is necessary to promote this through government legislation to protect user rights. At the same time, this may be an insurmountable red line for users who hold a belief in "Decentralization."

This article discusses how Coinbase sponsors Trump's military parade, shareholders withdraw funds, and netizens angrily criticize: violating political neutrality. It first appeared in Chain News ABMedia.