Key Points:
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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