Brian Armstrong, CEO of Coinbase, appeared on Katie Miller’s podcast calling California’s plan to tax billionaires an unconstitutional asset seizure. This appearance is part of a broader strategy by the CEO to align with the Trump administration, including financial support for Republican politicians and listing Trump’s memecoin on Coinbase. Despite these threats to leave, Coinbase signed a four-year lease for 150,000 square feet of San Francisco office space in 2025, after already announcing the closure of its San Francisco offices in 2021. Armstrong is notably pushing for the passage of the CLARITY Act this year.
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