Coinbase added four high-profile figures as its advisors, including former US Senator Kyrsten Sinema and Chris LaCivita, co-campaign manager for President Donald Trump’s re-election bid.
The Coinbase advisory council also welcomes Bill Dudley, the former president of the Federal Reserve Bank of New York, and Luis Alberto Moreno, an expert in global development and international finance.
Michael Ashley Schulman, partner and chief investment officer at Running Point Capital Advisors, told Reuters:
“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 tailwinds
Favorable regulatory and legal tailwinds have recently boosted Coinbase. Trump’s nominations for key roles in US regulators favor the crypto industry in the country.
In the US Securities and Exchange Commission (SEC), the US president nominated pro-crypto Paul Atkins to replace former chair Gary Gensler. Yet, until Atkins can take office in June 2026, pro-crypto Commissioner Mark Uyeda was appointed acting chair.
On his first day at the office, Uyeda established a crypto task force to provide regulatory clarity for companies and stop regulation by enforcement efforts.
Trump nominated Caroline Pham as acting chair for the Commodity Futures Trading Commission (CFTC). Pham will start discussing crypto via recently announced public roundtables.
The US president has also signed an executive order establishing a crypto working group, prohibiting federal agencies from pursuing a central bank digital currency and allowing the evaluation and potential establishment of a national digital assets stockpile.
In addition to these changes, the executive order created the first role focused on crypto and artificial intelligence regulation. David Sacks took the spot, becoming what is being called the “White House AI & Crypto Czar.”
On Jan. 13, Coinbase scored significant legal victories in its battle with the SEC. The US Court of Appeals for the Third Circuit acknowledged that the regulator’s reasoning for not providing clear rules was “arbitrary and capricious.”
Although the ruling does not require the SEC to provide a legal framework, it does bind the regulator to explain its refusal to do so properly.
On Jan. 7, the United States District Court Southern District of New York granted the exchange an interlocutory appeal so Coinbase could appeal the SEC’s accusations of offering to the Second Circuit of the US Court of Appeals.
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Coinbase added four high-profile figures as its advisors, including former US Senator Kyrsten Sinema and Chris LaCivita, co-campaign manager for President Donald Trump’s re-election bid. The Coinbase advisory council also welcomes Bill Dudley, the former president of the Federal Reserve Bank of New York, and Luis Alberto Moreno, an expert in global development and international
The post Coinbase strengthens ties to Washington with Trump campaign manager, ex-senator on advisory board appeared first on CryptoSlate. Crypto, Exchanges, Featured, Politics
This articles is written by : Nermeen Nabil Khear Abdelmalak
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