"Coinbase Bolsters Global Council with Trump Strategist, Fed Veteran"

Coinbase, a leading U.S.-based cryptocurrency exchange, has expanded its global advisory council with the addition of four prominent figures from the political and economic spheres. Among the new members is Chris LaCivita, who served as a campaign strategist for former President Donald Trump during his successful 2024 presidential run.

In a recent blog post, Coinbase announced the appointment of LaCivita, along with former Arizona Senator Kyrsten Sinema, former Federal Reserve Bank of New York President Bill Dudley, and Luis Alberto Moreno, a Colombian native and former president of the Inter-American Development Bank Group. These individuals bring a wealth of experience and strategic insights that will help advance Coinbase's vision of ushering in a new era of the internet through cryptocurrency and blockchain technologies.

LaCivita, who currently serves as the Chief of Staff for the Republican National Committee, expressed his enthusiasm for working with Coinbase as the U.S. transitions into a new political era led by pro-crypto leaders and lawmakers. He believes that the crypto industry deserves better than what it received from the previous administration and looks forward to helping make America a crypto leader on the world stage.

Coinbase's global advisory council was established in May 2023 to bring together world leaders with strategic insights that could help navigate the growing and complex global crypto landscape. Other notable members of the council include former Pennsylvania Senator Pat Toomey, former Ohio Congressman Tim Ryan, and Antonio Villaraigosa, the former Mayor of Los Angeles.

The addition of these influential figures to Coinbase's advisory council comes at a time when the crypto industry is anticipating more favorable regulations under President Trump's administration. With Trump's SEC becoming more crypto-friendly and aiming for clearer regulations, Coinbase is positioning itself to push its goals by leveraging the expertise of its advisory council members.

In a statement, William Dudley, the former New York Fed president, expressed his belief that Coinbase can ensure the safe integration of cryptocurrencies into the U.S. financial system for the benefit of Americans. This sentiment is shared by many in the crypto industry, who hope that Trump's election will lead to more flexible regulations and a more favorable environment for digital assets.