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Cryptocurrency exchange Coinbase has appointed Chris LaCivita, co-campaign manager for President Donald Trump, to its international advisory council. The appointment follows a meeting between Coinbase CEO Brian Armstrong and the President, which reportedly focused on personnel appointments.
Coinbase has also added former U.S. Senator Kyrsten Sinema, former president of the Federal Reserve Bank of New York Bill Dudley, and Luis Alberto Moreno, a global financial expert, to its high-profile advisory council.
“Coinbase is lucky to have some of the brightest minds across finance, tech, and politics supporting us through the World Advisory Council,” said Faryar Shirzad, Coinbase Chief Policy Officer.
According to Coinbase’s announcement, these appointments are part of its efforts to expand into areas including payments and tokenized assets.
Furthermore, as Trump’s administration is considering prioritizing crypto sector growth, the move will bolster Coinbase’s ability to build new relationships with key stakeholders and advocate for the industry.
“This move suggests Coinbase is positioning to have direct influence on policy discussions by aligning with people who have deep ties to both the Trump camp and traditional financial institutions,” Michael Ashley Schulman, CIO at Operating Point Capital Advisors, told Reuters.
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Coinbase noted that the move marks “the dawn of a new era” for American leadership on crypto.
Earlier this week, Brian Armstrong noted that Trump’s plans for crypto are now dominating among industry executives. He emphasized that Trump is “forcing everyone to up their game.”
“Basically, every conversation I had with major market leaders was focused on what the Trump Admin planned to do on crypto.”
https://t.co/wOhYg1vmzr
— Brian Armstrong (@brian_armstrong) January 24, 2025
Meanwhile, the SEC has already created a task force under its new leadership to develop a regulatory framework for cryptocurrencies. President Trump has also signed a crypto executive order, signaling a broader strategy for fostering crypto innovation.
The key appointments arrive simultaneously as Coinbase received approval to operate in Argentina. Upon establishing its footprint in the Latin American country, the exchange aims to focus on regulatory compliance, security, and education for Argentinians.
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