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Title: Coinbase Strengthens Ties to Washington with Trump Campaign Manager, Ex-Senator on Advisory Board
Coinbase, a digital currency exchange and wallet service, has announced that it has strengthened its ties to Washington by appointing several high-profile individuals to its advisory board. This move comes at a time when the cryptocurrency market is facing uncertainty due to regulatory concerns.
The advisory board now includes Donald Trump’s campaign manager, Brad Parscale, as well as former Senator Kelly Loeffler. These additions aim to bolster Coinbase’s influence and presence in Washington, potentially paving the way for more favorable regulations.
This brief mention of banks’ relation with crypto was enough to cause Bitcoin’s price to rebound by 3.3%, highlighting the importance of institutional investment and government support for the industry.
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Source: cryptoslate.com
