A viral social media claim that Coinbase is 'selling H-1B visas' and replacing American workers has been fact-checked and found to be misleading. Following an internal communication from CEO Brian Armstrong, Coinbase announced a 14% reduction in its workforce, attributed to market volatility in the cryptocurrency sector and rapid advancements in artificial intelligence. The claim incorrectly suggests that Coinbase is involved in visa sponsorship through its platform, conflating layoffs with immigration practices. In reality, H-1B visas are regulated by the U.S. Citizenship and Immigration Services (USCIS) and cannot be legally 'sold.' The USCIS requires employers to file petitions and meet strict guidelines before employing foreign workers. Armstrong's email to employees outlined plans to create a leaner organization with a focus on AI-driven workflows, without any mention of replacing U.S. workers with foreign hires. Employees affected by the layoffs will receive a support package, including a minimum of 16 weeks base pay and additional assistance for those on work visas.