Coinbase Welcomes New Advisors
Recently, Coinbase added four high-profile figures to its advisory council, expanding its influence and connections in the industry:
- Former US Senator Kyrsten Sinema
- Chris LaCivita, co-campaign manager for President Donald Trump’s re-election bid
- Bill Dudley, former president of the Federal Reserve Bank of New York
- Luis Alberto Moreno, expert in global development and international finance
Insights from Industry Experts
Michael Ashley Schulman, partner and chief investment officer at Running Point Capital Advisors, commented on Coinbase’s strategic move:
“This move suggests Coinbase is positioning to have direct influence on policy discussions by aligning with individuals who have deep ties to both the Trump camp and traditional financial institutions.”
Regulatory and Legal Developments
Recent regulatory and legal changes have provided a favorable environment for Coinbase and the crypto industry as a whole:
Changes in US Regulators
- Pro-crypto Paul Atkins nominated to lead the SEC
- Mark Uyeda appointed acting chair of SEC
- Caroline Pham appointed acting chair of CFTC
Executive Order Impact
- Establishment of a crypto working group
- Creation of a national digital assets stockpile
- Appointment of David Sacks as “White House AI & Crypto Czar”
Legal Victories
On Jan. 13, Coinbase achieved significant legal wins in its battle with the SEC, signaling a positive trend for the company:
- US Court of Appeals for the Third Circuit acknowledged SEC’s lack of clear rules
- United States District Court Southern District of New York granted Coinbase an interlocutory appeal