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Coinbase, a leading cryptocurrency exchange, has announced the addition of four new members to its Global Advisory Council. These accomplished individuals will provide strategic insights to Coinbase’s executive leadership team as the company navigates an evolving crypto landscape around the world.

Former U.S. officials to Advisory Council for Crypto Regulatory Guidance

The new members include Mark Esper, a former U.S. Secretary of Defense; Stephanie Murphy, a former U.S. representative and national security specialist; Frances Townsend, a former counterterrorism and homeland security advisor to President George W. Bush; and David Urban, a managing director at BRG Group and former chief of staff to former U.S. Senator Arlen Specter of Pennsylvania.

With deep national security expertise, these four advisers will help the Council examine the potential consequences of regulatory uncertainty for crypto in the United States, including the long-term economic and national security impacts. They will also help the Council address the unique risk of the U.S. losing its leadership position across a wide variety of sectors that crypto and blockchain are influencing.

The Vision Behind Appointing a New Advisory Council

Coinbase’s Global Advisory Council collaborates with members of the Coinbase Asset Management Academic and Regulatory Advisory Council, which comprises former regulators and industry experts, to advance Coinbase’s vision of ushering in a new era of the internet through crypto and blockchain technologies.

The four new members will join former Senator Patrick Toomey (R-PA); former Congressman Tim Ryan (D-OH); former Congressman Sean Patrick Maloney (D-NY); Chris Lehane, Chief Strategy Officer at Haun Ventures; and John Anzalone, Impact Research Polling founder, as the latest additions to the Council.

In light of the deep national security expertise of Esper, Murphy, Townsend, and Urban, the Council aims to critically assess the potential repercussions of regulatory uncertainty in the United States regarding cryptocurrencies. This uncertainty puts the country at considerable risk of relinquishing its dominant position in various sectors influenced by crypto and blockchain technology.