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

If Bitcoin (BTC) Maintains This Critical Support Level, Then $100K Is Possible Again: Analysis

Bitcoin has officially confirmed the start of a new weekly cycle, according to veteran market…

11 hours ago

MCP and Web3: Lumoz Empowers New Potential for AI-Driven Decentralized Applications

Bangkok, Thailand, 28th April 2025, ZEX PR WIRE, MCP (Meta Context Protocol), as an emerging interaction…

1 day ago

Mark Your Calendars: Troller Cat’s Presale Goes Live on May 2

Time to Troll Your Way to Riches London, United Kingdom, 28th April 2025, ZEX PR…

1 day ago

Spire Solutions, the Official Distribution Partner for GISEC 2025, to showcase AI-driven Cybersecurity Innovation

Dubai, UAE, 28th April 2025, ZEX PR WIRE, Spire Solutions, META’s trusted partner for unique cybersecurity,…

1 day ago

Solana Meme Coins Explode: TRUMP, BONK, and WIF Lead Meme Resurgence

The Solana (SOL) meme coin ecosystem is roaring back to life, with its total meme…

2 days ago

ZEREBRO Price Collapses 40% in Just 3 Hours: Market Cap Tanks to $45 Million

Zerebro, one of the largest AI projects, has seen its price dropped sharply today, going…

3 days ago