Coinbase Advisory Advisors Signal Push for Pro-Crypto Policies
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Coinbase Global Inc. has expanded its global advisory council by adding key political and financial heavyweights. This development comes as the exchange remains embroiled in legal turmoil with US regulators. Coinbase Ramps Up Advisory Team The newly appointed members of Coinbase’s advisory council include Chris LaCivita, co-campaign manager for Donald Trump’s presidential campaign. Former Federal Reserve Bank of New York President William Dudley and former U.S. Senator Kyrsten Sinema of Arizona have also joined. Bloomberg reported on Wednesday that Allen & Co. Managing Director Luis Alberto Moreno is also part of the council. This strategic move comes amid favorable policy shifts under the second Trump administration. The US president, who once voiced skepticism about digital assets, recently signed an executive order aimed at fostering a more crypto-friendly regulatory environment. Coinbase’s latest advisory council expansion comes as the exchange remains locked in a legal battle with the US SEC. It follows Senator Cynthia Lummis’ criticism of the Comission’s ‘legislation-by-enforcement’ approach against Coinbase. As BeInCrypto reported, she argued that the regulatory body is stifling innovation and clarity in the crypto sector. By bringing in political and financial leaders with significant regulatory influence, Coinbase appears to be positioning itself for stronger advocacy in Washington. This move marks Coinbase’s second wave of high-profile appointments in recent months. The company had previously reinforced its legal team by adding Supreme Court attorney Paul Clement, political strategist Chris Lehane, and finance expert Christa Davies. These additions underline the exchange’s determination to navigate the ongoing legal and regulatory challenges in the US. Beyond regulatory battles, Coinbase is actively expanding its global footprint.The exchange recently secured a license to operate in Argentina, signaling its intent to tap into Latin America’s growing crypto market. Argentina, which has been grappling with inflation and currency devaluation, presents an opportunity for Coinbase to…
Filed under: News - @ January 29, 2025 2:25 pm