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Coinbase Bolsters Regulatory Approach with New Global Advisory Council Additions
Coinbase, a leading U.S. crypto exchange, has strengthened its regulatory approach with the addition of four experts from finance and politics to its Global Advisory Council. The new members include Chris LaCivita, co-manager of President Trump’s 2024 campaign, former Senator Kyrsten Sinema, former Federal Reserve Bank of New York President Bill Dudley, and former Inter-American Development Bank President Luis Alberto Moreno.
According to Coinbase, the new additions will help the exchange navigate “new political and regulatory realities” by leveraging their experience in politics and financial markets. The four new members join a list of established political figures on Coinbase’s Global Advisory Council, including former Pennsylvania Senator Pat Toomey and former Florida Representative Stephanie Murphy.
Strengthening Regulatory Approach Amid Pro-Crypto Sentiment
As President Donald Trump’s administration signals potential regulatory flexibility for the cryptocurrency industry, crypto businesses are bolstering their personnel to capitalize on the opportunity. The consensus among digital asset proponents is that pro-crypto policies are likely, with former Senator Sinema emphasizing the need for industry leaders to rally behind policy-making efforts.
“We need to rally behind industry leaders and intensify policy-making efforts.”
Chris LaCivita and Kyrsten Sinema expressed optimism about the potential for pro-crypto policies based on sentiment from Trump’s inner circle. The pair noted that the President wants to stay informed on crypto developments and legislative agendas.
Pro-Crypto Officials in Key Positions
President Trump has assembled a team of pro-crypto officials in key positions, including former Securities and Exchange Commissioner Paul Atkins as SEC chair and former PayPal COO David Sacks as the first White House crypto czar. These appointments signal a potential shift towards more favorable regulations for the cryptocurrency industry.
As the cryptocurrency landscape continues to evolve, staying informed about the latest developments and regulatory changes is crucial. Stay up-to-date with the latest news and insights on Global Crypto News.
