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News

Coinbase Establishes New Advisory Council Amid The Dynamic Crypto Scene

May 12, 2023 - Around 2 mins mins to read

Key Points:

  • Coinbase has announced the launch of an advisory committee comprised of many former US legislators and industry professionals.
  • For the council, the crypto exchange has recruited former U.S. legislators, including a former Senator and a political strategist.
  • The Global Advisory Council will provide insights and strategic expertise to the exchange’s executive team.
Coinbase, the cryptocurrency exchange embroiled in a legal battle with the Securities and Exchange Commission, is forming a new advisory board comprised of former US politicians.
Coinbase Establishes New Advisory Council Amid The Dynamic Crypto Scene

After the visit of part of its leadership team to the United Arab Emirates, cryptocurrency exchange Coinbase has announced the creation of an advisory group comprised of numerous former US politicians and industry professionals.

Coinbase announced in a blog post on May 12 that its Global Advisory Council will help company manage the increasingly complicated and dynamic crypto scene throughout the world.

Former U.S. Senator Patrick Toomey, as well as former U.S. Representatives Tim Ryan and Sean Patrick Maloney, will be among the first members. Chris Lehane, a venture capitalist at Haun Ventures, and John Anzalone, the founder of Impact Research Polls, will also take part.

Coinbase CEO Brian Armstrong came to Twitter earlier today to welcome the new advisory council members. Faryar Shirzad, the exchange’s Chief Policy Officer, joined Armstrong in welcoming the new advisory team. Shirzad noted that the business plans to recruit additional executives from the US and internationally to the advisory group in the coming weeks.

Coinbase has increased its attempts to combat what some believe is an increasingly unfriendly regulatory environment in the United States. The exchange launched earlier this year a grassroots project aiming at influencing pro-crypto policies in all 435 House Districts throughout the United States.

Many speculated that the US-based crypto exchange was contemplating transferring its operations outside of the nation due to a lack of legislative certainty. After getting a Wells warning in March, the exchange filed a request to urge the SEC to explain its stance on digital assets.

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Harold

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.