- Coinbase announced the expansion of its Global Advisory Council, adding four national security experts to the team.
- The new experts include Dr. Mark T. Esper, Stephanie Murphy, Frances Townsend, and David Urban.
- The team will address the ongoing regulatory uncertainties and long-term economic and national security impacts.
Coinbase has recently announced the expansion of its Global Advisory Council, adding four national security experts to the team. In an announcement dated November 7, Coinbase asserted that the experts, including the former U.S. Secretary of Defense, Dr. Mark T. Esper, would guide the platform to analyze and tackle the consequences of the prevailing regulatory uncertainties in the United States.
Esper served as the U.S. Secretary of Defense from 2019 to 2020, prior to which he held years of experience in various fields in both the private and public sectors. Other national security experts include Stephanie Murphy, Frances Townsend, and David Urban. Murphy, the former U.S. representative, policy expert, and businesswoman, had been serving Florida’s 7ᵗʰ congressional district from 2017 to 2023.
Townsend’s political security career includes her position as the Counterterrorism and Homeland Security Advisor to President George W. Bush and Vice Chair for MacAndrews & Forbes, among others. Meanwhile, Urban possesses over three decades of experience in the military, politics, law, business, and other public service sectors.
The Global Advisory Council was established in May 2023 “to help navigate the complex and evolving landscape of the crypto industry and strengthen relationships with strategic stakeholders around the world.” At the time, Coinbase included former U.S. Senator Patrick Toomey, former Congressman Sean Patrick Maloney, former Congressman Tim Ryan, and Impact Research Polling Founder John Anzalone as the initial members of the council.
Coinbase further cited,
With deep national security expertise, Esper, Murphy, Townsend, and Urban will help the Council examine what consequences will result from regulatory uncertainty for crypto in the United States, including the long-term economic and national security impacts.
Reportedly, the new experts will join the initial members of the team to address the “long-term economic and national security impacts” in addition to the regulatory uncertainties.
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