Categories: MarketsMenafn

Coinbase Ramps Up Political Influence, Adds Trump Strategist and Former Fed President to its Advisory Council

Coinbase exchange has announced that US President Donald Trump’s co-campaign director for the 2024 election will join its advisory council to address digital asset regulation.

The exchange announced in a notice dated January 29 that Former Trump co-campaign manager Chris LaCivita will join former US Senator Kyrsten Sinema, former New York Fed President Bill Dudley, and former Colombian Ambassador to the US Luis Alberto Moreno on its Global Advisory Council.

Coinbase Adds Political Figures to Its Advisory Council

LaCivita has strong connections to the Republican National Committee and probably still has a relationship with the US president, having worked to help elect him. LaCivita says that the crypto business “deserves better” than the legislative and regulatory strategies of the former US President Joe Biden’s administration.

He restated Trump’s assertions that the US would become the world’s leader in digital currency. In May 2023, Coinbase formed an advisory council to reach an agreement on the “increasingly complex and evolving” global cryptocurrency ecosystem.

Several former US senators, notably former Senator Pat Toomey, have served on this group. After the US election, Coinbase CEO Brian Armstrong met with Trump in November to discuss personal appointments.

The exchange stated that it was dedicated to supporting the shift from the Biden era and donated $1 million to Trump’s inauguration fund. Brian Armstrong also said in 2020 that Coinbase would not back any particular cause or candidates that did not support its objective.

Read more: Coinbase To Operate in Argentina After Securing Regulatory Clearance

Coinbase And The US SEC Lawsuit

The exchange began attempting to sway the results of US congressional elections after receiving a Wells notice from the US Securities and Exchange Commission in 2023, even though the notice eventually resulted in a civil lawsuit. In 2024, the company contributed $45 million to support the election of “pro-crypto” candidates.

After Trump’s inauguration, some cryptocurrency company CEOs have indicated that the SEC’s incoming leadership could dismiss enforcement cases, including Coinbase’s case.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

Angry Pepe Fork Unveils Deflationary Roadmap as PI Network Crosses 60M Users

New York, USA, 1st July 2025, ZEX PR WIRE, While PI Network officially passes 60…

13 hours ago

Tradeview Secures Prestigious SCA Category 5 License, Unlocking New Growth Opportunities in the UAE

Dubai, UAE, 1st July 2025, ZEX PR WIRE, In a bold step forward for its…

17 hours ago

NodeOps Network $NODE Token Generation Event Sells Out in Minutes via Binance Wallet, Debuts Across Top Global Exchanges

Dubai, UAE, 30th June 2025, ZEX PR WIRE, NodeOps Network is thrilled to announce the…

1 day ago

LF Labs (LF Coin) Breakout Steals Spotlight as Shiba Inu Price Targets $0.000017 Return

Dubai, UAE, 30th June 2025, ZEX PR WIRE, LF Labs (LF Coin) gained momentum today…

1 day ago

How Leclerc & Co. Is Redefining Affordable Luxury in the Watch Industry

In a market flooded with mass-produced designs and influencer-driven hype, a new contender is emerging…

3 days ago

Arbra Unveils Tokenized Private Equity Basket with SpaceX, Ramp, and Varda on Colb

London, UK, 27th June 2025, Arbra Partners Group (“Arbra”), the global financial services company, has…

4 days ago