Close Menu
    Facebook LinkedIn YouTube Instagram X (Twitter)
    Blue Tech Wave Media
    Facebook LinkedIn YouTube Instagram X (Twitter)
    • Home
    • Leadership Alliance
    • Exclusives
    • Internet Governance
      • Regulation
      • Governance Bodies
      • Emerging Tech
    • IT Infrastructure
      • Networking
      • Cloud
      • Data Centres
    • Company Stories
      • Profiles
      • Startups
      • Tech Titans
      • Partner Content
    • Others
      • Fintech
        • Blockchain
        • Payments
        • Regulation
      • Tech Trends
        • AI
        • AR/VR
        • IoT
      • Video / Podcast
    Blue Tech Wave Media
    Home » Coinbase adds 3 board members, including OpenAI executive
    26-07-coinbase
    26-07-coinbase
    Fintech

    Coinbase adds 3 board members, including OpenAI executive

    By Elodie QianJuly 26, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • Coinbase has added three new board members, including an OpenAI executive, to bolster its influence on US crypto regulations.
    • The crypto industry is ramping up political engagement, aiming to sway the election in favour of policies supportive of digital assets.

    OUR TAKE
    Coinbase, a leading US-based cryptocurrency exchange, recently announced a major expansion of its board of directors, a move that not only reflects the company’s confidence in the future of the industry, but also its strategic placement in terms of policy development and market regulation. By bringing in new members with diverse backgrounds and areas of expertise, Coinbase aims to strengthen its position as a leader in the global fintech space and promote the health of the cryptocurrency industry. This change is not only significant for Coinbase itself, but is also likely to have a profound impact on the cryptocurrency market as a whole.

    –Elodie Qian, BTW reporter

    What happened

    US cryptocurrency exchange Coinbase has added three new members to its board, including an executive from OpenAI, the creator of ChatGPT, in a bid to influence US crypto policy more effectively. The announcement was made to Reuters on Thursday.

    The new board members are Chris Lehane from OpenAI’s executive team, Paul Clement, who served as the US Solicitor General under President George W. Bush, and Christa Davies, CFO of Aon and board member for both Stripe and Workday. This expansion increases the board’s size from seven to ten members.

    Coinbase’s decision to grow its board comes at a time when the company and the wider crypto industry are aiming to become a significant political force in the upcoming presidential election. The industry’s future could be at stake if Donald Trump, the Republican nominee and former president, returns to the White House in November.

    Clement will provide guidance to Coinbase in its efforts to counteract what it sees as overreach by the SEC and to advocate for clear regulations for digital assets.

    Lehane, who was previously the policy chief for Airbnb and a member of the Clinton White House, will offer strategic advice, according to Coinbase.

    Davies will concentrate on enhancing Coinbase’s financial and operational performance on a global scale.

    Also read: Is Coinbase a safe place to store crypto? A review

    Also read: Coinbase partially wins appeal, but still faces US regulator’s lawsuit

    Why it’s important

    Coinbase said that the addition of these new members will not only enhance the company’s policy influence, but will also help it drive the success of the cryptocurrency industry on a global scale. The diverse backgrounds and varying political philosophies of the new members will help promote bipartisanship within the cryptocurrency industry and further promote the health of the industry.

    “Cryptocurrency needs bipartisan support to thrive,” Lehane told Reuters in an interview.

    Coinbase-backed advocacy group, Stand With Crypto, which supports voters who own cryptocurrency, has reached a membership of 1.3 million.

    In addition, three new pro-crypto super PACs—Fairshake, Defend American Jobs, and Protect Progress—have collectively raised over $230 million to back candidates who are favourable to the crypto industry.

    This addition to the Board of Directors signals Coinbase’s growing strategic presence and policy influence in the cryptocurrency industry. By bringing in experts from a variety of fields, Coinbase hopes to better address the challenges of the market and drive the company forward steadily in a complex regulatory environment.

    The change also reflects the growing need for a diverse and specialised leadership team in the cryptocurrency industry. By including professionals from different fields, Coinbase aims to inject new momentum into the company’s future growth as regulatory policies continue to evolve and competition in the market intensifies.

    Coinbase OpenAi US crypto policy
    Elodie Qian

    Elodie Qian is an intern reporter at BTW Media covering artificial intelligence and products. She graduated from Sichuan International Studies University. Send tips to e.qian@btw.media.

    Related Posts

    ICANN’s letter to AFRINIC: Fair election oversight or a blow to African self-governance?

    July 9, 2025

    Prestabist: Advances AI commerce tools across Africa

    July 9, 2025

    Co-operative Bank of Kenya:Digital roots, rural reach

    July 9, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    CATEGORIES
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023

    Blue Tech Wave (BTW.Media) is a future-facing tech media brand delivering sharp insights, trendspotting, and bold storytelling across digital, social, and video. We translate complexity into clarity—so you’re always ahead of the curve.

    BTW
    • About BTW
    • Contact Us
    • Join Our Team
    TERMS
    • Privacy Policy
    • Cookie Policy
    • Terms of Use
    Facebook X (Twitter) Instagram YouTube LinkedIn

    Type above and press Enter to search. Press Esc to cancel.