Coinbase Board of Governors gets 4 votes to resolve regulatory uncertainty


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.

Follow us on Google News


Source link

Related Posts

NEAR and Polygon collaborate on zero-knowledge proof innovation

[ad_1] The NEAR Foundation has partnered with Polygon Labs to develop zkWASM, a cutting-edge zero-knowledge solution that enhances the interoperability and security of WASM chains. The NEAR…

Amazon, Olympus challenges OpenAI, Microsoft’s AI dominance

[ad_1] Amazon, Olympus challenges OpenAI, Microsoft’s AI dominance AmazonThe world’s largest online retail and technology provider, through its web services arm AWS (Amazon Web Services), recently revealed…

Financial giant Fidelity responds to 9 common misconceptions and criticisms about Bitcoin

[ad_1] Financial services giant Fidelity has addressed nine common criticisms and misconceptions about Bitcoin, highlighting that some of them are “unfounded or unlikely to be…

Third-quarter profits lower, revenue higher, according to

[ad_1] ©Reuters. Lyft reports: Third-quarter profits down, revenue up – Lyft (NASDAQ: ) on Wednesday reported third-quarter results that missed analysts’ expectations and revenue that beat…

CEHV partners say future uncertain during Genesis shutdown

[ad_1] Many analysts are speculating on the outcome of the spot Bitcoin ETF race, and CEHV partner Adam Cochran shared his views in a Nov. 8 X…

Second-quarter profits lower, revenue higher, according to

[ad_1] ©Reuters. Take-Two reports: Second-quarter profits fall, revenue rises – Take-Two (NASDAQ: ) on Wednesday reported second-quarter results that missed analysts’ expectations and revenue that beat…

Trả lời

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *