Coinbase, a leading crypto exchange, has recently expanded its board of directors by appointing three new members.
In a July 25 announcement, Coinbase confirmed the appointment of Chris Lehane as one of its ten directors. Lehane, known for his role in Bill Clinton's 1992 presidential campaign and contributions to Airbnb's global legalization efforts, currently serves as Vice President of Public Works at OpenAI. Before joining the board, Lehane was part of Coinbase's Global Advisory Council.
"Chris will provide strategic counsel to Coinbase's leadership as the company works to make onchain the new online," stated Coinbase.
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Joining Lehane are two other new directors: Christa Davies and Paul Clement.
Davies, formerly the Chief Financial Officer at management consulting firm Aon and senior executive at Microsoft, will now contribute to Coinbase's audit and compliance committee and will support the company's focus on financial and operational excellence.
Paul Clement, a seasoned litigator and former US Solicitor General, has argued over 100 cases before the US Supreme Court. His legal expertise is expected to be invaluable in Coinbase's ongoing legal challenges with the US Securities and Exchange Commission (SEC). He will also join Davies on the audit and compliance committee.
All three new board members bring a wealth of experience and a shared vision that digital currencies can play a transformative role in broadening access to financial opportunities. Lehane expressed his enthusiasm for Coinbase's mission, stating:
I am excited to support Coinbase as they continue to advocate for the 52 million Americans who own crypto (over-indexing on young people of color) and work to democratize the benefits of capitalism so more people can keep their fair share of the economic pie.
With these additions to its board, Coinbase is poised to reinforce its leadership and continue championing the benefits of cryptocurrency in finance.
In other news, Coinbase Asset Management, a division of Coinbase, is allegedly set to introduce a tokenized money-market fund.
