Coinbase’s Advisory Board: Ex-Senator, Trump’s Campaign Manager & More 🤑

by

In a move that’s either boldly brilliant or spectacularly suicidal, Coinbase has decided to invite a motley crew of politicos and financiers to its advisory board. Picture this: a former Senator who actually understands crypto, a Trump campaign manager who probably doesn’t, and a couple of ex-bank presidents for good measure.

As Coinbase flails around in the ever-changing regulatory swamp of the United States, it’s thrown itself a lifeline made up of some of the most interesting characters this side of a Monty Python sketch. The existing advisory council, which already boasts a couple of ex-lawmakers, is now joined by the likes of Kyrsten Sinema and Chris LaCivita. Because why not?

Politics Meets Crypto: It’s a Match Made in… Somewhere

Sinema, a former Arizona Senator, is now Coinbase’s best hope for not screwing up on Capitol Hill. She’s been there, done that, and even tried to make crypto taxes less painful. You know, the kind of thing that might actually make crypto users smile. 🤑

“Sure, we’ve got a crypto-friendly administration, but that doesn’t mean we can all go home and play Bitcoin Bingo,” Sinema probably didn’t say, but should have.

And then there’s LaCivita, who helped Trump win in 2024. Will he now help Coinbase win over… well, everyone? Time will tell, but it’s going to be a wild ride. 🎢

Oh, and did we mention Trump’s interest in crypto? It’s real, folks. According to LaCivita, the former president is all about learning as much as he can about this newfangled digital gold. Or is it digital tulips? 🌷

“The big guy wants to be at the forefront of this crypto thing. Or at least that’s what I told him,” LaCivita might have said with a wink.

Money, Money, Money: It’s a Rich Man’s World

Coinbase is also bringing in some heavy financial hitters. Dudley, a former bigwig at the Federal Reserve Bank of New York, will presumably keep Coinbase from doing anything too crazy. And Moreno, with his international economic know-how, will help Coinbase expand its reach into markets where people actually use crypto.

“We’re at a crossroads, folks. With a little luck and a lot of political know-how, we can make crypto safe for Americans everywhere,” Dudley might have said, optimistically.

And let’s not forget Coinbase’s love for lobbying. They’ve thrown a ton of money at Fairshake, a PAC that supports crypto-friendly candidates. Because when in doubt, throw money at the problem. It’s the American way. 🇺🇸

Read More

2025-01-29 22:29