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Former L.A. Mayor Antonio Villaraigosa joins cryptocurrency company Coinbase as adviser

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Villaraigosa will focus on more equitable financial systems for Black and Latino customers, the cryptocurrency trading platform said.

Former Los Angeles Mayor Antonio Villaraigosa doesn't own any cryptocurrency — at least, not yet. But he's about to become a player in the industry's push for friendlier cryptocurrency rules. The trading platform Coinbase announced Tuesday that Villaraigosa, a Democrat who was mayor of Los Angeles from 2005 to 2013, is taking a paid position with its global advisory council.

Tim Ryan of Ohio, a Democrat, and former Pennsylvania Sen. Pat Toomey, a Republican, as well as political veterans such as John Anzalone, the pollster for Hillary Clinton's campaign in 2016 and President Biden's campaign in 2020. Villaraigosa brings to the group a 'feel for the body politic,' said Faryar Shirzad, Coinbase's chief policy officer.

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