Cryptocurrencies

Kendrick Meek, who previously served as the House representative for the congressional district, joins

Kendrick Meek, who previously served as House Representative for Florida’s 17th Congressional District, has joined the board of cryptocurrency exchange Coinbase to address the regulatory landscape for digital assets.

In a May 20 post, Faryar Shirzad, chief policy officer at Coinbase, said Meek had joined the exchange’s global advisory board as part of efforts to “modernize the system” that governs digital assets in the United States. The former Florida congressman served in the U.S. House of Representatives from 2003 to 2011 and was a member of the Ways and Means Committee, which has jurisdiction over taxes.

According to a report by The Hill, Meek spoke in favor of digital assets because they “offer new opportunities to address systemic issues that plague our financial system.” He will join other former US lawmakers on the council, including Stephanie Murphy, Tim Ryan and Pat Toomey. Cointelegraph reached out to Meek for comment but had not received a response at the time of publication.

Related: Coinbase is facing a new lawsuit over allegedly defrauding investors

Coinbase established the advisory board in May 2023 to navigate the “increasingly complex and evolving” cryptocurrency landscape globally. The company is currently facing a lawsuit filed by the US Securities and Exchange Commission. Coinbase is also participating in the 2024 election season through its Stand With Crypto initiative, which aims to encourage US voters to support crypto-focused lawmakers.

magazine: Coinbase “You Will Win”: MetaLawMan, X Hall of Flame

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