Coinbase Taps Trump Campaign Co-Manager and Key Experts for Advisory Council
Common case Announce On Wednesday, four new members are joining their consulting committee, which brings professional knowledge in financial and political, including the joint manager of President Trump’s recent successful campaign.
Coinbase revealed that Chris Lacivita, former chairman of the New York Federal Reserve Bank William Dudley and Trump’s 2024 campaign, joined its global consulting committee. It also pointed out that Kyrsen Sinema, a former Democratic Senator from Arizona, proposed to cancel taxes in encryption transactions below $ 50 and will also join the council.
The common episodes brought influential figures
Lacivita is closely related to the Republican National Committee, criticizing the encryption supervision method of Biden, and supports Trump’s vision to make the United States a leader in digital asset leaders.
Coinbase established a consulting committee in May 2023 to browse the growing and complex global encryption environment. The council includes former US legislators, such as former Senator Pat TOOMEY. As Trump’s SEC becomes more and more friendly, the goal is to be clearer, and Coinbase is introducing influential characters to help promote its goals.
“I believe we have reached a critical moment in the evolution of cryptocurrencies in the evolution of cryptocurrencies.” Benefit Americans “”
COINBASE CEO Brian Armstrong met with Trump after the election to discuss personnel appointments. Coinbase also donated $ 1 million to Trump’s inauguration funds and expressed its support for the transition of the Biden government.
Armstrong said Coinbase would not support specific political undertakings, but after facing SEC’s legal challenges in 2023, the company donated $ 45 million to support the 2024 Pro-Crypto candidate.
Will Coinbase benefit from the Trump administration?
With the election of Trump, some people in the cryptocurrency industry believe that the SEC’s law enforcement operations may be alleviated, which may benefit the legal struggle in the progress of Coinbase. In January, a federal judge suspended Coinbase’s case, and the Second Circuit Court decided whether to overthrow the previous ruling. The ruling rejected Coinbase rejected the case.
After participating in the World Economic Forum in Davos, COINBASE CEO Brian Armstrong said that with the increase in investment in cryptocurrencies, the exchange will be with the company leaders including banks and asset managers Cooperation. He emphasized that cryptocurrency modernized global financial systems, and emphasized that Coinbase is an institutional -level partner who enters cryptocurrency space.
