- Coinbase invites DOGE team members to join its workforce, citing their dedication and aligning with the company’s reform-driven mission.
- Coinbase becomes the first cryptocurrency firm to be added to the S&P 500, replacing Discover Financial and signaling sector growth.
- The company warns users about fake CB-branded tokens, urging caution as scammers promote assets not officially launched.
Coinbase CEO Brian Armstrong publicly invited members of the Department of Government Efficiency, also known as the DOGE team, to apply for roles at the crypto exchange. Armstrong referred to the offer as a “call to service” for individuals interested in contributing to global financial system reforms through blockchain technology.
The post on May 13 highlighted an accelerated hiring process for DOGE members. Armstrong emphasized their demonstrated commitment, referencing their work ethic and “proof-of-work,” while also sharing a direct application link.
Former Harvard Student Featured
The invitation drew further attention after Armstrong shared a video featuring Ethan Shaotran, a former Harvard student who left university to work with the DOGE team. In the video, Shaotran described losing friendships and facing hostility after he decided to join the initiative. He noted that the drive for systemic reform outweighed continuing his formal education.
His comments underscored the high levels of dedication among the DOGE team, suggesting that many participants worked long hours with a strong sense of purpose.
Mixed Reactions Online
Some users on social media questioned the merit behind the offer. One user challenged the hiring logic, pointing out the importance of skill-based recruitment. Another said the broader issue was now a matter of competence rather than politics.
Despite criticism, the call reflects Coinbase’s growing focus on expanding its talent base as it seeks deeper involvement in global finance transformation.
Coinbase’s hiring push came as the company was officially added to the S&P 500 index, replacing Discover Financial. This makes Coinbase the first crypto company included in the major U.S. benchmark. The change will be reflected before markets open on May 19.
Analysts from Oppenheimer labeled the move a major step forward for the crypto sector and increased their target price for Coinbase stock to $293.
New Token Scam Alert
Coinbase also issued a warning about fraudulent activity involving fake token assets labeled cbADA, cbDOGE, cbLTC, and cbXRP. The company clarified that these assets are not yet available for trading.
To counter the spread of misinformation, Coinbase released official contract addresses and urged users to stay alert for scam claims.
