Coinbase adds three big hitters to the boardroom

COINBASE has named a trio of new board members as the giant crypto exchange ramps up its regulation credentials.

It is understood the company is keen to be seen as thoroughly compliant in the eyes of regulators, and is gearing up for the potential of increased scrutiny and a possible shift in the colour of US politics later this year.

The new members to the 10-strong board of directors are former US Solicitor General Paul Clement, OpenAI executive Chris Lehane, and Aon CFO Christa Davies.

It is believed that Clement's clear brief will be to go head-to-head with Gary Genlser - the head of US Securities and Exchange Commission - and push back on what the crypto industry views as an anti-digital assets stance by the watchdog.

Lehane - a talented strategist, and former aide to Bill Clinton's term as President of the United States - has already nailed his colours to the mast by declaring "for crypto to succeed, it needs to be bi-partisan".

Christa Davies, meanwhile, will be tasked with ensuring "operational excellence" across its global markets.