Coinbase fills new advisory council with former US lawmakers

Quick Take

  • Coinbase established a Global Advisory Council which includes former U.S. Senator Patrick Toomey in addition to former U.S. Congressmen Tim Ryan and ​​Sean Patrick Maloney.

Coinbase, the crypto exchange in a bitter dispute with the U.S. Securities and Exchange Commission, is launching a new advisory panel and filling it with former U.S. lawmakers.

Dubbed the Global Advisory Council, the group will “help navigate the complex and evolving landscape of the crypto industry, and strengthen relationships with strategic stakeholders around the world,” Coinbase said in a statement.

Initial members will include former U.S. Senator Patrick Toomey, in addition to former U.S. Congressmen Tim Ryan and ​​Sean Patrick Maloney. Additionally, Chris Lehane, an executive from venture-capital firm Haun Ventures, and John Anzalone, the founder of Impact Research Polling, will also participate.


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Coinbase has been ramping efforts to take on what some fear is an increasingly hostile regulatory climate in the U.S., with CEO Brian Armstrong exploring further overseas expansion. Earlier this year, the exchange announced a grass roots initiative aimed at advancing “pro-crypto policy in all 435 Congressional Districts across the U.S.”

"We’re working to update financial systems and rules that were designed over 100 years ago before computers even existed," Coinbase said on Friday. "We chose to build in America because we want to be part of the solution and believe America would be best served by embracing the potential of crypto and blockchain technology."

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

RT Watson is a senior reporter at The Block who covers a wide array of topics including U.S.-based companies, blockchain gaming and NFTs. Formerly covered entertainment at The Wall Street Journal, where he wrote about Disney, Netflix, Warner Bros. and the creator economy while focusing primarily on technological disruption across media. Previous to that he covered corporate, economic and political news in Brazil while at Bloomberg. RT has interviewed a diverse cast of characters including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers and convicted criminals. Holds a master's degree in Digital Sociology.


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