Brian Armstrong Invites Elon Musk’s DOGE Team to Join Coinbase’s Next Financial Initiative

Brian Armstrong, CEO of Coinbase, has publicly invited members of the Department Of Government Efficiency (DOGE) to join the company. In a May 13 post, Armstrong described the invitation as a “call to service” for those who wish to help build a more efficient global financial system through cryptocurrency.He noted that DOGE staffers looking for their next mission after public service could find purpose at Coinbase. The company has introduced an expedited hiring process to support this effort and shared a link for interested candidates.DOGE: Harvard student who dropped out to join the DOGE team admits he’s lost friends and is a pariah on campus now. pic.twitter.com/zvn9RX73Kh— @amuse (@amuse) May 2, 2025Former Harvard student cited in public messageThe announcement referred to a video featuring Ethan Shaotran, a former Harvard student who said he dropped out of university to work with DOGE. In the clip, Shaotran described how his choice led to social isolation and threats. He expressed that his decision was driven by a belief that structural reform in the country was more urgent than academic achievement.Shaotran emphasized that those working with him were deeply committed, often working late nights every day of the week. He argued that the impact of their work would far outweigh what he could learn through a computer science degree. The story gained mixed responses online. While some supported the opportunity Coinbase offered, others questioned its merit. One critic asked whether the job offer was politically motivated. Another comment suggested that today’s real divide is not political but between competence and complacency.Coinbase earns spot in S&P 500 indexThe hiring outreach came as Coinbase achieved a new milestone. The company has been added to the S&P 500, replacing Discover Financial. This change will take effect before markets open on May 19. Coinbase is now the first crypto company to be listed in the index. Analysts at Oppenheimer described this development as a turning point for the sector and increased their price target for Coinbase shares to $293.The company’s latest financial report showed a 94% drop in profit year over year, falling to $66 million. However, revenue rose by 23.4% to reach $1.96 billion. Armstrong remains optimistic, stating that crypto investments will become part of standard retirement plans within the next decade.Warning Issued Over New Token ListingsCoinbase also cautioned users about claims surrounding new tokens cbADA, cbDOGE, cbLTC, and cbXRP. The exchange confirmed that these assets are not yet available. Official Base contract addresses have been shared to prevent fraud. Users were advised to ignore false claims linked to these tokens.The post Brian Armstrong Invites Elon Musk’s DOGE Team to Join Coinbase’s Next Financial Initiative first appeared on Coinfea.