Coinbase Appoints Former Senator and Trump Campaign Manager to Advisory Board
Coinbase has strengthened its regulatory influence by appointing a new advisory council featuring:
- Former Senator Kyrsten Sinema
- Former Federal Reserve Bank of New York President Bill Dudley
- Trump’s 2024 co-campaign manager Chris LaCivita
- Former Inter-American Development Bank President Luis Alberto Moreno
This move comes amidst evolving U.S. regulations affecting the crypto exchange. The council will provide strategic guidance on these matters.
Political Engagement
Sinema aims to enhance Coinbase's engagement with lawmakers, emphasizing the importance of clear legislation in crypto regulation. She previously introduced a bipartisan bill to exempt small crypto transactions from capital gains taxes.
LaCivita and Dudley bring significant political and financial expertise, with LaCivita expected to build alliances in conservative circles. He noted Trump’s growing interest in digital assets.
Financial Strategy
Dudley will offer insights on monetary policy as Coinbase prepares for greater institutional adoption, while Moreno contributes international economic expertise relevant to emerging markets.
Coinbase also aligns its appointments with a strategy of influencing crypto policy through lobbying efforts and contributions, notably supporting Fairshake, a PAC that raised $78 million for pro-innovation candidates in the upcoming elections.