By Tom Blitzer
Key Insights:
- Coinbase has formed a Global Advisory Council to tackle regulatory compliance challenges and enhance strategic partnerships worldwide.
- The council comprises prominent industry leaders and political figures, including former lawmakers Pat Toomey, Tim Ryan, and Sean Maloney.
- The council aims to provide insights and counsel to Coinbase’s leadership team to facilitate a more equitable and transparent financial system.
Coinbase Global Inc. has introduced a Global Advisory Council to aid the company in tackling the bureaucratic and corporate obstacles surrounding cryptocurrency regulations in the United States. The new council comprises several former lawmakers appointed by the exchange to assist with this matter.
Coinbase’s Advisory Council to Strengthen Relationships
Coinbase recently announced its latest initiative, the Global Advisory Council, which aims to guide the company through the ever-changing crypto industry landscape and enhance its strategic partnerships worldwide. The council will include prominent industry leaders in addition to political figures. Brian Armstrong, the CEO of Coinbase, and Faryar Shirzad, the Chief Strategy Officer, have taken to Twitter to welcome the inaugural members of this newly formed council.
Welcome @SenToomey, @TimRyan, @JohnAnzo, @RepSeanMaloney, and @chrislehane to the Coinbase Global Advisory Council. Excited to work with you to update the financial system and get regulatory clarity for crypto. https://t.co/lqk38ZudcI
— Brian Armstrong 🛡️ (@brian_armstrong) May 12, 2023
Coinbase’s newly formed Global Advisory Council comprises a team of distinguished individuals, including former US Senator Pat Toomey, former US Congressman Tim Ryan, and former US Congressman Sean Maloney. Joining them are renowned political strategist John Anzalone and Haun Ventures’ Chief Strategy Officer Chris Lehane. Together, they form a diverse and experienced group of advisors to provide insights and counsel to Coinbase’s leadership team.
Diverse Council Helps Coinbase Navigate Regulations
Coinbase’s senior management is set to receive vital insights and strategic expertise from the newly established Global Advisory Council as they navigate regulatory compliance challenges and pursue global expansion to make cryptocurrency accessible worldwide. Coinbase plans to add more leaders from various countries, including the United States, to the council in the coming weeks to diversify perspectives and gain a more comprehensive outlook.
Coinbase has declared that its Advisory Council aims to reinforce its collaboration with stakeholders in the community as they work towards the responsible implementation of cryptocurrency to facilitate a more equitable, accessible, and transparent financial system.
The recently formed council will guide Coinbase’s top brass and collaborate with the existing Coinbase Asset Management Academic and Regulatory Advisory Council. This council includes notable figures such as former SEC Chairman Jay Clayton and Former CIA General Counsel Courtney Elwood, among other esteemed members.