Ex-Congressman Kendrick Meek Joins Coinbase to Aid Digital Asset Regulation Reform
Summary:
Former House Representative Kendrick Meek has joined Coinbase's Global Advisory Council to assist in digital asset regulation reform. The council, inclusive of past US lawmakers, was established in 2023 to manage the evolving crypto landscape. Coinbase also faces a lawsuit from the US Securities and Exchange Commission and is involved in the 2024 elections through the Stand With Crypto initiative.
Former Florida's 17th congressional district House Representative, Kendrick Meek, has been appointed to the council at digital currency trading platform, Coinbase. In a post on May 20 X, Faryar Shirzad, Coinbase's Chief Policy Officer, announced that Meek will be part of the Global Advisory Council to aid in reforming the regulations for digital assets in the US. Meek had been a member of the Committee on Ways and Means, responsible for taxation, during his House service from 2003 to 2011. As per The Hill's report, Meek expressed his support for digital assets, stating their potential to resolve long-standing systemic issues in our financial system. He will be part of the council alongside past US legislators such as Stephanie Murphy, Tim Ryan, and Pat Toomey. Meek has yet to respond to Cointelegraph's request for comments.
Related: Coinbase is under a new lawsuit for purported investor deception. The advisory council was formed by Coinbase in May 2023 to handle the 'progressively intricate and changing' worldwide cryptocurrency landscape. The company is currently dealing with a lawsuit filed by the US Securities and Exchange Commission. In view of the 2024 elections, Coinbase launched the Stand With Crypto initiative to persuade US voters to back lawmakers who favor crypto. Magazine: Coinbase ‘will come out on top’ says MetaLawMan, X Hall of Flame.
Published At
5/21/2024 12:31:55 AM
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