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It was inevitable, she thinks. No matter how principled Armstrong had been, no matter how many legal battles he'd funded against the SEC, no matter how earnestly he'd championed crypto's liberating potential—Base was built on trust, not truth. And trust, in the corporate world, only lasts until the next quarterly earnings call. The NASDAQ-traded shares of Coinbase demanded growth, profits, control. The fiduciary duty to shareholders was a poison pill that would always, eventually, trump any CEO's crypto idealism. 0 reply
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