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Market News

Ex-Congressman Kendrick Meek joins Coinbase’s Crypto Council

Written By Gabriel Mael
Published May 21, 2024 5:28 AM·Updated 2 years ago
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Ex-Congressman Kendrick Meek joins Coinbase's Crypto Council

Coinbase’s Chief Policy Officer Faryar Shirzad shared a post on X today that former Florida Congressman Kendrick Meek has joined the crypto exchange’s Global Advisory Council. The council was established back in May 2023 to address the complexity and developments in the crypto industry.

Very honored to have @KendrickMeek join the @coinbase Global Advisory Council. At a time when 52 million Americans have joined the crypto economy, it’s great to have an experienced leader like Kendrick join us in updating the system. https://t.co/6bPYG5T1ND

— Faryar Shirzad 🛡️ (@faryarshirzad) May 20, 2024

Meek has joined other notable former lawmakers like Tim Ryan, Stephanie Murphy, and Pat Toomey. Although the exchange has proven trustworthy by many to the level of serving around 52 million Americans, it is currently facing a lawsuit from the U.S. Securities and Exchange Commission.

Coinbase is also involved in the 2024 elections with the Stand with Crypto movement, which aims to support crypto-friendly politicians and their agendas. Kendrick Meek’s addition to Coinbase’s Global Advisory Council is positive, as the company is interested in increased regulation of the crypto industry.

Also Read: Ether Soars 16% as Odds of SEC Approving ETFs Rise to 75%

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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