Coinbase, the largest cryptocurrency exchange in the US, is taking important steps. These are extremely important for the future of crypto in America. Moreover, the US approach to crypto will affect its position on a global scale. Having filed a regulatory clarity case against the SEC, Coinbase has now formed a council.
Coinbase is extremely important for cryptocurrency investors in the US, and the steps it is taking are likely to affect the fate of crypto in the region. While the company is fighting against the SEC, it is also stepping up its lobbying efforts. The announcement made a little while ago was more about this. The announcement read as follows;
“Coinbase is launching a Global Advisory Council to help navigate the complex and evolving landscape of the crypto industry and strengthen relationships with strategic stakeholders around the world. The initial members of the council will be former U.S. Senator Patrick Toomey, former Congressman Tim Ryan, Chris Lehane (Chief Strategy Officer, Haun Ventures), former Congressman Sean Patrick Maloney, and John Anzalone (founder of Impact Research Polling). We are excited to announce the formation of Coinbase’s new Global Advisory Council, which brings together senior leaders to provide invaluable insights and strategic expertise to the Coinbase leadership team. The formation of the Advisory Council is an important step for Coinbase as we navigate an increasingly complex and evolving environment in the U.S. and internationally.”
The fact that wolves like Toomey are on the list shows that the Coinbase exchange is now going full steam ahead.
The US and the Future of Crypto
The Advisory Council will be dedicated to using crypto responsibly to help make the financial system more open, accessible and fair, and will tell stakeholders around the world about crypto. Former Senator Patrick Toomey has more than a decade of experience as a United States Senator. Former Congressman Tim Ryan served as a representative for 20 years. Chris Lehane is the Chief Strategy Officer of Haun Ventures, a venture capital firm led by Katie Haun and specializing in crypto. Former Congressman Sean Patrick Maloney, who served in the United States House of Representatives for ten years, is also among the most critical members.
This new council, which will work with the Coinbase Asset Management Academic and Regulatory Advisory Council, will greatly strengthen the hand of the Coinbase exchange. So who was on the other advisory council?
– Jay Clayton, Former SEC Chairman
– Courtney Elwood, Former General Counsel of the CIA
– Kevin Hassett, Distinguished Visiting Fellow at the Hoover Institution, Stanford University
– Jon Orszag, Senior Managing Director and Executive Committee Member of Compass Lexecon
Finally, Coinbase wrote the following;
“At Coinbase, we are working to update financial systems and rules that were designed 100 years before computers existed. We chose to build in America because we want to be part of the solution and we believe America will be best served by embracing the potential of crypto and blockchain technology.”