Coinbase Board of Governors gets 4 votes to resolve regulatory uncertainty

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Coinbase adds four Washington, D.C. heavyweights to examine “the consequences of regulatory uncertainty.”

As U.S. regulatory uncertainty looms, cryptocurrency exchange Coinbase has added four national security experts to its global advisory board.

According to the exchange’s Blog Announcement On November 7, Trump Administration Secretary of Defense Mark Esper and former Representative Stephanie Murphy became new members of the committee. Former Bush homeland security adviser Frances Townsend and former Trump campaign adviser David Urban have also joined the group.

The advisory body will examine “what the consequences of regulatory uncertainty will be” for the U.S. crypto industry, including the long-term “economic and national security implications.”

The exchange hopes the capital increase will provide Coinbase’s executive team with “strategic insights” as the U.S. faces “unique risks of losing leadership in multiple industries.”

US Cryptocurrency Poll

In late October 2023, Coinbase released a report co-authored with Bovitz and Morning Consult outlining the troubled financial environment in the United States. As younger generations get “younger,” fewer than 10% of Americans are satisfied with the nation’s financial system, according to the exchange’s findings. They are under financial pressure and are even more disappointed with the system. “

Most Americans appear to be dissatisfied with the current financial system, with only 7% of respondents saying the system “works very well for people like them.”

Coinbase noted in the report that more than half of respondents are likely to vote for a cryptocurrency-friendly candidate in the 2024 presidential election. However, Coinbase concluded that U.S. regulation through enforcement is leading to “disappointing cryptocurrency trends” in the country.


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