Coinbase Adds Donald Trump Adviser to Advisory Council Following Token Policy Criticism

• Donald Trump’s 2024 campaign manager is now joining Coinbase’s advisory council.
• Coinbase’s CEO is concerned with the 1 million+ tokens created weekly and plans an overhaul to its token listing process.
• U.S. crypto policies are shifting pro-crypto under Trump’s administration.

Leading U.S. cryptocurrency exchange Coinbase has onboarded four heavyweights to its Global Advisory Council, which includes Chris LaCivita, the man who took charge of Donald Trump’s winning 2024 campaign.

It comes, as the exchange faces scrutiny for rapidly listing memecoins, prompting its CEO Brian Armstrong to announce a shift in policy.

LaCivita on Coinbase

As per the official release from Coinbase, former co-campaign manager for Donald Trump’s winning 2024 presidential, Chris LaCivita, will be joining the exchange’s global advisory council.  As per the post, LaCivita commented:

“The crypto industry deserves better than what it received from the previous administration.”

He explains that under Trump, the “first-ever” pro-crypto president and government, he looks forward to working with the new administration to establish the U.S. as a crypto leader.

Though it is unclear exactly what Coinbase has in mind for LaCivita, or vice versa, he is undoubtedly a stellar pick having played an instrumental role in helping Donald Trump secure a historic victory.

Additional Picks

In addition, Coinbase has onboarded other notable heavyweights, namely former President of the Federal Reserve Bank of New York Bill Dudley, former Inter-American Development Bank President Luis Alberto Moreno and former Senator Kyrsten Sinema.

As pro-crypto voices enter the White House and all other departments of U.S. government, Coinbase notes that America’s crypto leadership is entering into a new era. However speaking with Semafor, Sinema noted :

“There’s some people who think, ‘Well, now you have a Trump administration that’s pro-crypto. You’ve got David Sacks as the crypto czar. You don’t really need legislation.’ That is wrong,”

As she correctly points out, Trump’s administration isn’t a free pass for the industry to finally get its way and do whatever it wants.

Coinbase Memecoins

Though this bears some irony, as Coinbase has faced scrutiny for rapidly listing TRUMP and MELANIA memecoins under its “Experiment asset” label.

In response, Coinbase CEO Brian Armstrong has highlighted that the exchange needs to “rethink” its listing process, noting that 1 million new tokens are being created a week, and it’s impossible for the exchange to evaluate each one. He explains it’s a “high-quality problem to have.”