- Brian Armstrong warns that firms hiring ex-government officials tied to anti-tech policies risk losing clients.
- Armstrong and Josh stress the importance of holding former officials accountable for undermining tech innovation.
- Startups must stay alert to ex-government officials seeking positions, as their motives may harm innovation efforts.
In a bold statement on X, Brian Armstrong, CEO of Coinbase, emphasized the importance of holding former government officials accountable for their actions during the previous administration. Armstrong expressed his strong stance that firms hiring individuals who were part of the "anti-tech" government efforts would lose their business.
Specifically, he called out Milbank, a law firm that recently hired Gurbir, accusing him of unethical behavior while at the SEC, a move Armstrong believes threatens the future of the cryptocurrency industry. He urged other businesses to follow suit, sending a clear message to law firms that their association with certain individuals could cost the clients.
Holding Ex-Government Officials Accountable
Armstrong’s call to action highlights the tension between the government’s treatment of the tech sector and the industry's future. He believes that those who did not resign or speak out against policies that hurt the tech community are responsible for creating a hostile environment for growth.
According to Armstrong, the government’s regulatory approach, particularly during the Biden administration, aimed to undermine sectors like cryptocurrency, AI, and space exploration. He emphasized that these actions went beyond political affiliation, framing them as a betrayal of the tech industry by people who had power but failed to act responsibly.
Moreover, Armstrong stressed that businesses must now be cautious of these former government officials. Many may try to re-enter the private sector by leveraging their past government experience. Armstrong predicts that in the coming weeks, startups may receive job offers or solicitations from individuals with government ties. However, he cautioned that these individuals might seek to resume influence rather than contribute to innovation.
A New Strategy for Startup Founders
In a parallel warning, Josh, a startup founder, highlighted the potential risks for founders as the political cycle shifts on X in a thread. He suggests that former government appointees may soon reach out, trying to capitalize on their government experience. However, he urged entrepreneurs to stay vigilant, advising them to carefully evaluate these offers.
Josh draws a stark comparison, likening such approaches to a thief offering "protection" to their former victim. He advocates for a cautious approach, encouraging startups to use new AI models to analyze these interactions and avoid rewarding those who contributed to anti-tech policies.
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