Coinbase has added four former US officials to its global board of advisors

The exchange’s team already includes several politicians from both parties

29.01.2025 - 16:00

3 min

What’s new? Leading US centralized cryptocurrency exchange (CEX) Coinbase has added former Senator Kyrsten Sinema, Donald Trump’s campaign manager Chris LaCivita, former Federal Reserve Bank of New York President Bill Dudley, and former Inter-American Development Bank President Luis Alberto Moreno to its global advisory board.

Material by The Block

What else is known?

“The newest additions bring experience working with world leaders across the political spectrum, and will support the Coinbase executive leadership team as the company navigates new political and regulatory realities,” the company said.

Ripple CEO proposes to include several tokens in the US national crypto reserve

At the moment, most politicians are only considering bitcoin for this purpose

Coinbase’s global advisory board team already includes former Republican Senator Pat Toomey of Pennsylvania and former Democratic Representative Stephanie Murphy of Florida, as well as several other former officials from both parties.

Coinbase, along with the Kraken exchange, fintech company Ripple, venture capital fund Andreessen Horowitz, and others, contributed to raising $78 million that went to support pro-innovation political candidates in 2024. The donations were made through Fairshake’s crypto-focused political action committee (PAC).

Dudley said in a statement that more consumers are turning to cryptocurrency as a way to engage with the broader financial ecosystem.

Trump publishes an executive order to protect the rights of citizens and companies to use cryptocurrencies

The executive order also commits a special working group to submit a crypto regulatory bill drafted with industry players

“I believe we’ve reached a pivotal moment in crypto's evolution where smart political leadership and trusted, thoughtful business counterparts like Coinbase can ensure it is integrated into our financial system in a safe and beneficial way for Americans,” the former official concluded.

Author: