Coinbase appoints national security experts on global advisory council

<img width="250" height="166" src="https://www.leaprate.com/wp-content/uploads/2021/04/Coinbase-e1659694841691-250×166.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2021/04/Coinbase-e1659694841691-250×166.jpg 250w, https://www.leaprate.com/wp-content/uploads/2021/04/Coinbase-e1659694841691-768×509.jpg 768w, https://www.leaprate.com/wp-content/uploads/2021/04/Coinbase-e1659694841691-245×162.jpg 245w, https://www.leaprate.com/wp-content/uploads/2021/04/Coinbase-e1659694841691-500×331.jpg 500w, https://www.leaprate.com/wp-content/uploads/2021/04/Coinbase-e1659694841691-700×464.jpg 700w, https://www.leaprate.com/wp-content/uploads/2021/04/Coinbase-e1659694841691-120×80.jpg 120w, https://www.leaprate.com/wp-content/uploads/2021/04/Coinbase-e1659694841691.jpg 800w" sizes="(max-width: 250px) 100vw, 250px" /><p>This move comes in the wake of acute regulator scrutiny of the cryptocurrency industry. Since the fall of FTX and the fraud trial of its founder, Sam Bankman-Fried, financial watchdogs worldwide brought cryptocurrency exchanges under the microscope.</p>
<p>The new appointees bring a wealth of collective experience to this council. Espers was a US defence secretary, and Murphy worked as a security specialist. Townsend, a former adviser to the White House, was part of counterterrorism and homeland security, and Urban was the managing director of the BRG Group.</p>
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<p>Coinbase believes these new appointments will help with insights into and guidance on how to navigate the uncertain cryptocurrency landscape in the United States. The company established its Global Advisory Council in May this year and aims to strengthen Coinbase’s position from a regulatory perspective to deliver secure and viable crypto asset trading.</p>
<p>When it announced the establishment of this council, <a href="https://www.leaprate.com/breaking/coinbase-gets-bermuda-monetary-authority-green-light/" target="_blank" rel="noopener">Coinbase</a> said:</p>
<blockquote><p>Our new Advisory Council will play a key role in helping us work with regulators to achieve that goal, but this is just the start. We plan to expand the board this year with a bipartisan group of leaders with deep regulatory expertise. We’re honoured to have such distinguished leaders join our team and look forward to working together to shape the future of finance.</p></blockquote>
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