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Fortune
Fortune
Catherine McGrath

Coinbase faces crypto backlash over sponsoring military parade in D.C.

(Credit: Andrew Harnik—Getty Images)

As the first large-scale military parade in decades made its way down the streets of Washington, D.C., on Saturday, organizers gave thanks to the country’s men and women in uniform—and also to various corporate sponsors, including the giant crypto exchange Coinbase. Not everyone was comfortable with the spectacle of the crypto industry—which was founded in opposition to government power—being so closely aligned with a display of force by the U.S.

Kara Calvert, Coinbase’s vice president of U.S. policy, represented the company at the parade. 

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