Coinbase Forms Global Advisory Council with 3 Ex-Lawmakers

15. Mai 2023 Von admin Aus

Summary:

  • Coinbase has launched the Global Advisory Council to guide its leadership team.
  • Three former US lawmakers have joined the council, including Patrick Toomey, R-Pa., Tim Ryan, D-Ohio., and Patrick Maloney, D-N.Y.
  • The council also includes Chris Lehane and John Anzalone who will advise Coinbase on navigating the evolving landscape in the US and internationally.

Introduction:

Coinbase has launched a Global Advisory Council to guide its leadership team. The council includes three former US lawmakers from both sides of the aisle as well as two other advisors to help navigate an increasingly complex landscape in the US and internationally.

The Lawmakers:

Patrick Toomey (R-PA), Tim Ryan (D-OH), and Patrick Maloney (D-NY) have all joined Coinbase’s Global Advisory Council. During their time in Congress they were active in introducing crypto legislation. For example, Toomey introduced a bill to regulate stablecoins last year while Maloney introduced a House version of the Digital Commodities Consumer Protection Act which would give the Commodity Futures Trading Commission new authorities to regulate digital commodities. Ryan meanwhile introduced a bill with now House Financial Services Committee Chair Patrick McHenry, R- N.C., to clarify a crypto provision in an infrastructure bill.

Other Advisors:

In addition to the three lawmakers joining Coinbase’s advisory board are Chris Lehane, chief strategy officer at venture capital firm Haun Ventures and John Anzalone, founder of Impact Research Polling. Both will provide advice on navigating complex regulatory issues related to cryptocurrencies for Coinbase’s leadership team.

Conclusion:

Coinbase CEO Brian Armstrong welcomed the council on Twitter stating that he is excited “to update the financial system and get regulatory clarity for crypto” with this new group of advisors by his side. The announcement comes after a probe from US regulator SEC against Coinbase earlier this year as well as ongoing legislative efforts around cryptocurrency regulations across America.