This is absolutely true, and appears to be the stated policy in no uncertain terms.
The issue that I intended to address is the interesting usage of language to sidestep making political contributions and supporting candidates and parties as being political acts.
This is very interesting. The CEO said in his initial letter that Coinbase should only engage in politics that are relevant to their "core mission", but it's kind of interesting to reduce a candidate to "What can this candidate or party do specifically for our business?" and ignore other policies that a candidate or party may seek to enact.
Pretending that you're unaware of or completely ambivalent about the consequences of shifts in political power (so long as it benefits you financially) doesn't really qualify you as "apolitical." You're still involved in the political process even if you stick your fingers in your ears and chant "nananana I can't hear you."
I hate to sound incisive, but it kind of seems like the position that Coinbase's leadership has taken is "The board and CEO will decide what qualifies as 'apolitical' and as such will dictate the ongoing political activity of the company, which they have no desire to stop being involved in."
The issue that I intended to address is the interesting usage of language to sidestep making political contributions and supporting candidates and parties as being political acts.