Coinbase Bolsters Global Advisory Council with Trump Campaign Co-manager and Ex-Fed President

Coinbase Global Inc., the leading cryptocurrency exchange, has recently expanded its Global Advisory Council with the addition of four prominent figures from the worlds of finance, politics, and international affairs. The new members include Chris LaCivita, the co-manager of President Trump's 2024 winning campaign, and William Dudley, a former president of the Federal Reserve Bank of New York.

Kyrsten Sinema, a former Democratic Arizona senator who once proposed eliminating taxes on crypto transactions under $50, and Luis Alberto Moreno, the managing director of Allen & Co. and a member of the World Economic Forum's Board of Trustees, have also joined the council. Coinbase's Chief Policy Officer, Faryar Shirzad, stated that these new members represent "some of the brightest minds across finance, tech, and politics," who will help guide the company as it navigates the evolving crypto landscape.

Coinbase's move comes amidst a backdrop of regulatory uncertainty, with the company facing heavy scrutiny from the SEC under the Biden administration. The addition of power players like LaCivita and Dudley suggests that Coinbase is positioning itself to advance its vision under a potentially more crypto-friendly Trump SEC. Dudley, who previously warned about the dangers of cryptocurrencies, now believes that Coinbase can ensure their safe and beneficial integration into the financial system for Americans.

Coinbase has been working to embrace the industry's ascent into the mainstream, partnering with companies like BlackRock, the world's largest asset manager, in 2022. Following a recent trip to Davos, Coinbase CEO Brian Armstrong stated that the exchange will work with corporate leaders from banks to asset managers as investments accelerate into crypto. Armstrong emphasized the need for an institutional-grade partner like Coinbase to bring these benefits to everyone and update the global financial system.