Coinbase sponsors Trump's military parade, sparking a debate over the roots of the anti-establishment sentiment in Crypto Assets.

Gate News bot message, Coinbase's sponsorship of the June 14 parade in Washington, D.C. has sparked a debate about whether Crypto Assets have lost their original spirit.

The parade was held to commemorate the 250th anniversary of the United States Army, coinciding with the nationwide "Refuse the King" protest activities. The protesters expressed their dissatisfaction with President Donald Trump's immigration policy and mass deportations, stating that the parade, coinciding with Trump's 79th birthday, was an act of a dictator.

Coinbase is the largest Crypto Assets exchange in the US and the third largest in the world. It sponsored this parade alongside tech giants like Amazon, but the turnout was small and mostly silent. A total of 22 companies sponsored the parade, including the big data analytics firm Palantir, which is responsible for using artificial intelligence (AI) systems to collect data on Americans from various federal agencies.

Coinbase donated $1 million for Trump's inauguration in January this year, and it received thanks from the event's host as the parade was coming to a close. Coinbase's sponsorship was seen as support and endorsement of this highly criticized event, sparking a debate in the Crypto Assets community: Has Crypto Assets lost its anti-establishment roots?

Source: CryptoSlate