Coinbase expands the Board of Directors

Coinbase, the leading American cryptocurrency trading platform, is actively expanding its board of directors ahead of the presidential election. The company is seeking to strengthen its political influence in the cryptocurrency sector, which could change significantly if Donald Trump wins the election. 

The board of directors includes three new members: Chris Lehane, head of OpenAI; Paul Clement, former U.S. Solicitor General; and Krist Davis, CFO of Aon and a member of the board of directors of Stripe and Workday.

Coinbase hopes that these appointments will strengthen its position in fighting excessive regulation by the Securities and Exchange Commission (SEC) and promoting clear rules for digital currencies. 

Coinbase emphasizes that the new board members represent different political views, which, in their opinion, is necessary for the success of the cryptocurrency. 

On Wednesday, Coinbase quotes soared by 2% before the opening of trading. Coinbase is also preparing to submit a financial report on Thursday after the close of trading. Despite the projected decrease in revenue to $1.37 billion (from $1.64 billion in the previous quarter), the company is showing impressive growth of 94% compared to the same period last year. Analysts expect earnings per share (EPS) to be $0.94, down from $4.40 in the first quarter, but still better than $0.46 in the same period last year.