Coinbase's sponsorship of a military parade in Washington, D.C., on June 14 has sparked debate within the cryptocurrency community about the industry's alignment with its anti-establishment roots. The parade, celebrating the U.S. Army's 250th anniversary, saw Coinbase among 22 corporate sponsors, including Amazon and Palantir. The sponsorship has led to discussions about whether the crypto industry has strayed from its foundational principles of decentralization and opposition to centralized power. While some argue that crypto has moved away from its counterculture origins, others maintain that it still embodies elements of its original ethos. The event has prompted questions about the future role of corporate sponsorships in the crypto space.