Matt Cole, CEO of Strive Asset Management, raised concerns in an open letter regarding Intuit's restrictive policies on cryptocurrency.
Critique of Intuit's Policies
In a letter addressed to Intuit's CEO Sasan Goodarzi and Chairman Susan Nora Johnson on April 14, Cole emphasized how disabling accounts due to cryptocurrency content could harm long-term investor value.
Issues with Mailchimp and Censorship
Cole cited examples related to Mailchimp, noting that the Trojan Bitcoin Club at USC had its email account disabled due to cryptocurrency content. The account was reactivated following public backlash.
Recommendations and Future Directions
Cole called for Intuit to reinstate accounts disabled due to cryptocurrency content and recommended that Mailchimp revise its content policies to eliminate political biases.
The letter is part of a larger financial restructuring effort and may prompt companies to reassess their strategic decisions regarding digital transformation.
