Coinbase Adds Trump’s Campaign Manager to ‘High-Profile’ Advisory Council
Crypto exchange giant Coinbase has onboarded President Trump’s co-campaign manager Chris LaCivita for its global advisory council. The appointment comes a week Coinbase CEO Brian Armstrong’s meeting with the President to reportedly discuss personnel appointments.
Coinbase has also added former U.S. Senator Kyrsten Sinema, former president of the Federal Reserve Bank of New York Bill Dudley, and Luis Alberto Moreno, a global financial expert to its high-profile advisory council.
“Coinbase is fortunate to have some of the brightest minds across finance, tech, and politics supporting us through the Global Advisory Council,” said Faryar Shirzad, Coinbase Chief Policy Officer.
Per Coinbase’s statement, these appointments are a part of its efforts to expand into areas including payments and tokenized assets.
Further, as Trump’s administration is mulling to prioritize crypto sector growth, the move will bolster Coinbase’s ability to build new relationships with key stakeholders and advocate for crypto.
“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,” Michael Ashley Schulman, CIO at Running Point Capital Advisors, told Reuters.
Coinbase noted that the move is “the dawn of a new era” for American leadership on crypto.
Early this week, Brian Armstrong noted that Trump’s plans for crypto are now dominating among industry executives. He emphasized that Trump is “forcing everyone to up their game.”
“Basically, every conversation I had with major market leaders was focused on what Trump Admin planned to do on crypto.”
Meanwhile, the SEC has already created a task force under its new leadership, to develop a regulatory framework for cryptos. President Trump has also signed a crypto executive order, signaling a broader strategy for fostering crypto innovation.
The key appointments arrive at the same time as Coinbase received approval to operate in Argentina. Upon its footprint in the LatAm nation, the exchange aims to focus on regulatory compliance, security, and education to Argentinians.
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