Coinbase, the crypto exchange in a bitter dispute Together with the US Securities and Exchange Commission, he is setting up a new advisory body and filling it with former US legislators.
Dubbed the Global Advisory Council, the group will “help navigate the complex and evolving landscape of the crypto industry and strengthen relationships with strategic stakeholders around the world.” Coinbase said so in a statement.
Former US Congressmen Tim Ryan and Sean Patrick Maloney are among the early members, as well as former US Senator Patrick Toomey. Also attending will be Chris Lehane, an executive at venture capital firm Haun Ventures, and John Anzalone, founder of Impact Research Polling.
Coinbase has ramped up efforts to counter what some feared an increasingly hostile regulatory climate in the U.S., CEO Brian Armstrong is investigating further expansion abroad. Earlier this year, the stock exchange announced a grassroots initiative aimed to push a “pro-crypto policy in all 435 congressional districts in the US.”
“We’re working to update financial systems and rules that were designed over 100 years ago, before computers even existed,” Coinbase said on Friday. “We chose to build in America because we want to be part of the solution and believe America would be best served by harnessing the potential of crypto and blockchain technology.”
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