Crypto Chief Says Charity Is a Net Negative and Isn’t in His Plan
TL;DR Summary
Coinbase CEO Brian Armstrong argues philanthropy is a net negative because foundations can be captured by ideology, and he has no plans to start a charity or foundation. He previously joined Warren Buffett/Bill Gates’ Giving Pledge in 2018, closed GiveCrypto in 2023, and left the Giving Pledge in 2024, opting instead for a donor-advised fund to guide giving toward efforts he believes will advance civilization.
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