Brad Garlinghouse, CEO of the blockchain payment company, Ripple, You are inconsistent with Coinbase’s new policy that restricts employees from participating in political discussions at work.
The Coinbase CEO, Brian Armstrong, announced the “apolitical” policy for the first time in a blog post on September 27th. He encouraged Coinbase employees not to engage in political discussions and to continue to focus on the company’s mission to create an open financial system for the world.
Garlinghouse disagrees and told CNBC so Technology companies have an obligation to help solve social problems. Also added As tech companies and platforms have made some social problems worse, they need to be ready to work on solutions for them too.
As an example, he said, Ripple took YouTube to court for not removing scam videos that tricked viewers into sending thousands of dollars in Ripple’s partner cryptocurrency, XRP.
He added that Ripple did not need to afford the legality of the matter as it would not help the company. However, he stressed that technology companies need to take responsibility and ownership for the problems they contribute to.
Coinbase has lost employees since Armstrong initiated the controversial policy change and some senior executives left the company.