The car company's CEO responded via Twitter to a thread by Coinbase CEO Brian Armstrong, who has been critical of the tax provision and a late amendment to it.
Coinbase CEO Brian Armstrong writes that Coinbase would be launching a fact-checking section on its company blog. “The Hash” panel discusses whether Coinbase’s media ambitions are propaganda or a real attempt at creating “decentralized” information.
According to SEC filings, Coinbase CEO Brian Armstrong sold nearly $292M worth of shares on opening day, less than 2% of his overall holdings. Incorrect rumors that Armstrong and other Coinbase insiders sold larger stakes spooked the markets. Is this something to worry about, or is it just how public listings work?
Coinbase's listing on Nasdaq sends a powerful signal of legitimacy to the U.S. crypto community, as well as to the crypto-curious in the traditional financial sector.