US cryptocurrency exchange Coinbase has hired four national security experts to support its legal efforts.
According to the statement made by Coinbase, Mark Esper, Stephanie Murphy, Frances Townsend and David Urban have joined the company’s Global Advisory Council.
Mark Esper served as the US Secretary of Defense between 2019 and 2020, Stephanie Murphy served as a member of parliament in the US between 2017 and 2023, Frances Townsend served as homeland security advisor to George W. Bush, and David Urban served as corporate relations manager at TikTok’s parent company ByteDance. .
Coinbase, operates unregistered as a securities exchange continues its legal fight with the US Securities and Exchange Commission (SEC), which claims that On the other hand, the exchange managed to receive approval from the Commodity Futures Trading Commission (CFTC) to offer cryptocurrency futures contracts to its customers.
Coinbase made the following statement regarding the joining of these four names to the company:
“Esper, Murphy, Townsend, and Urban, with their extensive expertise in national security, will help the Council evaluate how the regulatory uncertainties that exist for crypto in the United States will play out and what long-term effects this will have on the economy and national security.”
The council, which Coinbase established in May 2023, also includes former senator Patrick Toomey and former congressmen Tim Ryan and Sean Patrick Maloney.