PANews reported on May 30 that San Francisco Mayor Daniel Lurie said on the X platform: "Coinbase is returning to San Francisco after leaving it four years ago and has opened a 150,000 square foot office in Mission Rock. San Francisco is an ideal place to start and grow a company. Welcome back." In response, Coinbase CEO Brian Armstrong said: "We are very happy to reopen an office in San Francisco. Although there is still a lot of work to do to improve the city."