Recently, Coinbase sponsored the parade held in Washington D.C. on June 14, an action that has sparked heated discussions in the encryption community, causing people to reflect on whether the Crypto Assets industry has deviated from its founding principles.

The parade is aimed at celebrating the 250th anniversary of the founding of the United States Army, but its timing is quite sensitive, coinciding with "Abolish the King" themed protests erupting across many parts of the country. These protesters primarily express dissatisfaction with Trump's immigration policies and large-scale deportation plans. Notably, the day of the parade is also Trump’s 79th birthday, which has led some critics to associate this event with symbols of dictatorship.

The Crypto Assets industry originated from the ideas of decentralization and anti-establishment. Coinbase, as a mainstream exchange, participates in supporting such activities, which has sparked in-depth discussions and reflections within the community regarding the direction of industry development.