Coinbase Announces Advisory Council with Former US Lawmakers: A Strategic Move Amid SEC Scrutiny
Coinbase, the leading US cryptocurrency exchange currently engaged in a dispute with the U.S. Securities and Exchange Commission (SEC), has announced the formation of a new Global Advisory Council. This strategic move comes after some of Coinbase's leadership team visited the United Arab Emirates, signaling a global focus. The council features a diverse group of experts, including former US lawmakers and national security advisors.
Key Appointments to the Coinbase Advisory Council:
- Senator Patrick Toomey (R-PA): A prominent lawmaker known for his pro-crypto stance and criticisms of SEC Chair Gary Gensler, Senator Toomey's inclusion highlights Coinbase's commitment to fostering favorable crypto regulation.
- Former U.S. Sen. Kyrsten Sinema (I-AZ): Sinema brings valuable insights and bipartisan experience to the council.
- Chris LaCivita: Served as co-campaign manager for President Donald Trump's victorious 2025 campaign, LaCivita adds significant political and strategic expertise.
- William Dudley: A Fed veteran offering expertise in monetary policy and financial markets.
The Coinbase advisory council aims to provide guidance on global strategy, regulatory compliance, and navigating the evolving landscape of digital assets. The addition of these top advisors, including Trump campaign co-manager Chris LaCivita, ex-Senator Kyrsten Sinema, and Fed veteran William Dudley, underscores Coinbase's dedication to shaping the future of cryptocurrency regulation and adoption, especially as it faces ongoing challenges with the SEC.
By bringing together these influential figures, Coinbase is positioning itself to better engage with policymakers and stakeholders worldwide, ensuring its continued growth and leadership within the cryptocurrency industry. The newly established global advisory council also features three other former US lawmakers, adding depth and breadth to the council's collective experience.