The Coinbase CEO’s Twitter Poll
The Coinbase CEO, Brian Armstrong, recently posed a question to his 1.2 million Twitter followers regarding suspicious account closures at Bank of America. He asked if any Coinbase customers who are also Bank of America clients have had their accounts closed due to their transactions with the exchange. The results of the poll were surprising, with 9% of respondents answering “yes” out of the 13,746 people who participated.
Key Points:
- A total of 19.3% of respondents answered “no” to Armstrong’s query.
- Approximately 1,200 people claimed to have had their accounts closed.
- The remaining respondents were solely interested in seeing the results.
- Muneeb Ali, the co-creator of bitcoin layer-2 platform Stacks, had his personal Bank of America account closed without reason, allegedly due to transactions on Coinbase.
- Several others have shared similar experiences of sudden account closures at Bank of America on Twitter, although not necessarily tied to crypto activity.
This recent wave of account closures at Bank of America has sparked frustration among users, who have taken to Twitter to express their concerns. Despite the closures not always being directly linked to cryptocurrency activity, many believe that there is a larger issue at hand.
Hot Take:
The high percentage of respondents who claimed to have had their accounts closed at Bank of America due to transactions with Coinbase is concerning. It raises questions about the bank’s stance on cryptocurrency and the potential discrimination against crypto users. This issue highlights the need for clearer guidelines and regulations to protect individuals involved in the crypto space.
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