In an effort to exert more influence over US cryptocurrency laws, US cryptocurrency exchange Coinbase announced that it has added three new members to its board of directors, including an executive from OpenAI.
As part of its increased attempts to influence U.S. cryptocurrency legislation, U.S. cryptocurrency exchange Coinbase has appointed three new members to its board of directors, including an executive from OpenAI, the firm that makes ChatGPT, Coinbase stated on Thursday. The new members are Christa Davies, chief financial officer of Aon and board member of Stripe and Workday; Paul Clement, former U.S. Solicitor General under President George W. Bush; and Chris Lehane, a member of the leadership team at OpenAI. With the additions, the board will have 10 members instead of seven.
With the intention of becoming a significant political force in this year’s presidential election, Coinbase and the cryptocurrency sector as a whole have decided to increase the size of their board of directors. If Republican contender and former president Donald Trump retakes the White House in November, the industry’s fortunes may change. In order “to push back against the SEC’s (U.S. Securities and Exchange Commission) overreach and fight for clear rules of the road for digital assets,” Clement will provide advice to Coinbase. Lehane, a former Clinton White House official and policy chief for Airbnb (ABNB.O.), will offer strategic advice, according to Coinbase. All of Davies’s attention will be directed towards Coinbase’s “financial and operational excellence on a global scale.” According to Coinbase, the three participants have disparate political ideologies. ” In an interview on Thursday, Lehane stated that bipartisanship is essential for cryptocurrency to thrive. ” With support from Coinbase, Stand With Crypto is an advocacy group for voters who possess cryptocurrency and has 1.3 million members. In the meantime, almost $230 million has been raised to assist friendly candidates by three significant pro-crypto super political action committees that did not exist prior to this cycle: Fairshake, Defend American Jobs, and Protect Progress.
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