Coinbase taps U.S. politicians to navigate regulatory hurdles

• Coinbase launched a new Global Advisory Council that features top U.S. politicians.
• The new council will provide strategic expertise to the crypto exchange’s leadership team.

San Francisco-based crypto exchange Coinbase established a Global Advisory Council featuring top United States politicians and industry leaders.

The crypto giant’s latest initiative is aimed at navigating the complex and evolving landscape of the crypto industry with the help of the newly formed council’s guidance. 

Coinbase taps former US lawmakers for new council

Coinbase announced the launch of its Global Advisory Council in a 12 May blog post.

According to the blog post, the first members of the new council were former U.S. Senator Patrick Toomey (R-PA), former U.S. Congressman Tim Ryan (D-OH), and former U.S. Congressman Sean Maloney (D-NY).

Along with the former lawmakers, Coinbase has tapped Chris Lehane, the Chief Strategy Officer of crypto-focused venture capital firm Haun Ventures, and John Anzalone, a political strategist who founded Impact Polling Research. 

Coinbase said,

“The creation of the Advisory Council is a significant step for Coinbase as we navigate an increasingly complex and evolving landscape in the US and internationally.”

The crypto exchange’s leadership team will receive insight and strategic expertise from the members of the Global Advisory Council.

The council will also help the firm strengthen its relationships with strategic stakeholders around the world. CEO Brian Armstrong took to Twitter recently to welcome the members of the new council. 

Coinbase revealed that the new Global Advisory Council will work alongside its existing Asset Management Academic and Regulatory Advisory Council.

This council includes former government officials like former SEC Chairman Jay Clayton and the former General Counsel of CIA, Courtney Estwood.

Faryar Shirzad, the Chief Strategy Officer of the crypto exchange, revealed that the firm will add leaders from the United States as well as abroad to its Global Advisory Council in the coming weeks.

Shirzad added,

“Blockchain technology and web3 applications are growing globally and are becoming increasingly integrated into financial systems and societies more generally. As such, it is critical that we have the most talented leaders working with us.”