Former Rep. Kendrick Meek Joins Coinbase’s Global Advisory Council Ahead of Fit21 Vote
Former Rep. Kendrick Meek joins Coinbase’s Global Advisory Council
Former Rep. Kendrick Meek (D-Fla.) is joining Coinbase’s Global Advisory Council, the cryptocurrency trading giant first told The Hill. Meek’s addition to the Global Advisory Council comes ahead of the House vote on the Financial Innovation and Technology for the 21st Century Act, also known as FIT21.
Regulation Reform and Democratic Support
FIT21 aims to make significant changes to the oversight of digital assets, including an expansion of the Commodity Future Trading Commission (CFTC)'s regulatory authority. While previously backed by bipartisan committees, the bill now faces the challenge of securing Democratic backing as it progresses to the House floor.
Advancing Diversity and Inclusion
Coinbase estimates that a substantial portion of Americans own crypto assets, with a significant percentage identifying as racially diverse. The addition of Meek to the council and his advocacy for equitable financial systems highlight the growing need for more inclusive financial structures.
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