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Coinbase Workers Rattled by Politics Ban and Fear Being Muzzled

  • CEO’s prohibition on political talk leads to Twitter storm
  • Adam Draper says comments represent evolution of industry
Inside the Coinbase Inc. office in San Francisco, California, U.S., in 2017.
Inside the Coinbase Inc. office in San Francisco, California, U.S., in 2017.Photographer: Michael Short/Bloomberg
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Coinbase Inc.’s clampdown on discussing politics and activism at work -- and the offer of severance packages to employees who don’t want to comply -- continues to ripple through the cryptocurrency exchange and Silicon Valley.

Many employees were shocked by Chief Executive Officer Brian Armstrong’s blog post imposing the rules Sunday, and some are concerned that he is trying to stymie discourse that should be happening, according to two people familiar with the situation who asked not to be identified. Neither knew of anyone taking an exit package from the San Francisco-based company, but employees have until Oct. 7 to apply.