Coinbase Enhances Global Advisory Council with Four National Security Experts Amid Regulatory Uncertainties
Summary:
Coinbase has welcomed four national security experts to its Global Advisory Council to navigate U.S regulatory uncertainties. The new entrants include Mark Esper, Stephanie Murphy, Frances Townsend, and David Urban. They join existing council members, consisting of ex-U.S lawmakers, the chief strategy officer of Haun Ventures, and the founder of Impact Research Polling. Coinbase emphasizes the need to understand the impact of regulatory uncertainty on crypto within the U.S., and its CEO Brian Armstrong remains committed to keeping Coinbase in San Francisco despite potential shifts in the industry.
On November 7, Coinbase revealed the addition of four national security experts to its Global Advisory Council. This move serves to support the cryptocurrency exchange in navigating regulatory uncertainties in the United States. The Council's profile is set to intensify strategically with the inclusion of these new members. Among them are Mark Esper, previous U.S. Secretary of Defense, Stephanie Murphy, ex-congresswoman and national security specialist, Frances Townsend, former homeland security advisor to President George W. Bush, and David Urban, an ex-managing director of BRG Group. These fresh faces join the ranks of past U.S. lawmakers Patrick Toomey, Tim Ryan, and Sean Patrick Maloney, as well as Chris Lehane, Chief Strategy Officer at Haun Ventures, and John Anzalone, founder of Impact Research Polling.
Inaugurated in May, the Global Advisory Council serves as Coinbase's third advisory council, the others dealing with asset management and regulation. Past chair of the Securities and Exchange Commission (SEC), Jay Clayton, as well as previous CIA general counsel Courtney Elwood, are among existing council members, ensuring a bipartisan makeup across all councils.
According to Coinbase, the purpose behind these latest appointments is to deduce the potential consequences of regulatory uncertainty surrounding crypto within the U.S. It emphasizes international insight, linking its announcement to a white paper titled "Defending American Leadership: The National Security Case for Crypto and Blockchain". Despite ongoing disagreements with the SEC, Coinbase's CEO, Brian Armstrong, reiterated his eagerness to maintain the company's base in San Francisco. This is in spite of the possibility of the crypto industry migrating elsewhere. Subsequently, Coinbase has amplified its international operations, although the transition hasn't always been seamless, particularly in places like Kazakhstan.
Published At
11/7/2023 5:40:01 PM
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