Coinbase rounds up an A-Team of former lawmakers. Their mission: To navigate the crypto wild west.
Following some of its leadership team visiting the United Arab Emirates, crypto exchange Coinbase has announced the formation of an advisory council staffed with many former United States lawmakers and industry leadersits Global Advisory Council would aim to navigate the “increasingly complex and evolving” crypto landscape globally.
According to Coinbase, the council currently consists of only five members, with plans to expand “with a bipartisan group of leaders with deep regulatory expertise.” Former Securities and Exchange Commission chair Jay Clayton sits on a different board for the exchange, advising the firm on regulatory policy.The announcement followed speculation by many that the U.S.-based crypto exchange could be considering moving its operations outside the country amid the lack of regulatory clarity.
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