Coinbase Bolsters Regulatory Muscle with Trump Allies

Coinbase, a leading U.S. cryptocurrency exchange, has bolstered its regulatory approach by adding four prominent figures from finance and politics to its Global Advisory Council. The move comes as the exchange braces for new political and regulatory realities under the Trump administration.

The new additions to the council 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. Coinbase noted that these experts will help the exchange navigate the evolving political and regulatory landscape by leveraging their extensive experience in politics and financial markets.

Coinbase's Global Advisory Council already comprises influential figures such as former Pennsylvania Senator Pat Toomey and former Florida Representative Stephanie Murphy. The exchange's decision to expand its council reflects its commitment to staying informed and proactive in the face of changing regulatory environments.

Crypto businesses are strengthening their personnel as President Trump's return to the White House signals the possibility of more flexible regulations for the industry. Industry proponents are optimistic about the potential for pro-crypto policies, with former Senator Sinema emphasizing the need to rally behind industry leaders and intensify policy-making efforts.

President Trump has assembled a team of pro-crypto officials in key positions, including former Securities and Exchange Commissioner Paul Atkins and former PayPal COO David Sacks, who have been selected for SEC chair and the first White House, respectively. These appointments suggest a favorable stance towards the crypto industry under the Trump administration.

Coinbase's strategic move to add these influential figures to its advisory council demonstrates its commitment to staying at the forefront of the crypto industry's evolution. As the exchange continues to grow and adapt, it is well-positioned to capitalize on the opportunities and challenges that lie ahead in the ever-changing regulatory landscape.