Coinbase will set up a global advisory council with 4 national security experts

Coinbase has expanded its international advisory council with four national security experts, it was announced on November 7. The new members will help us evaluate the impact of the regulatory uncertainty of the cryptocurrency exchange in the United States.

The Coinbase Council will take a decidedly more strategic tone with the new members. Mark Esper, former US Secretary of Defense, Stephanie Murphy, former member of Congress and national security expert, Frances Townsend, former US President George W. Bush's Homeland Security Advisor, David Urban, Managing Director of BRG Group.

The new council members will be joined by former US lawmakers Patrick Toomey, Tim Ryan and Sen. Patrick Maloney. In addition to them, the original members of the council include Chris Lehane, chief strategy officer of Hawn Ventures, and John Anzalone, founder of Impact Research.

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The Global Advisory Council was formed in May by Coinbase's third advisory council. The others are in property management and control. Among their members are former Securities and Exchange Commission Chairman Jay Clayton and former CIA General Counsel Courtney Ellwood. All councils have a bicameral composition.

Related: Coinbase User Agreement Dispute Reaches US Supreme Court

The purpose of the new appointments was to “examine the consequences of crypto regulatory uncertainty in the United States.” Coinbase clearly had a global vision in mind. In the announcement, he linked the white paper “Defending America's Leadership: The National Security Case for Crypto and Blockchain”.

Despite the ongoing dispute with the SEC, Coinbase CEO Brian Armstrong has expressed his commitment to keeping the San Francisco-based exchange in the country, even as the crypto industry moves away from the United States. At the same time, Coinbase has strengthened its activities abroad. However, as recently demonstrated in Kazakhstan, those efforts do not always proceed entirely smoothly.

Magazine: Binance, Coinbase Heads to Court, and SEC Accounts 67 Crypto-Securities: Hodler's Digest, June 4-10