Anthony Armstrong, the former CFO of X and xAI, has joined the Coinbase board of directors

According to The Block, Coinbase has appointed Anthony Armstrong as a board member and has joined the Audit and Compliance Committee. Anthony Armstrong previously served as the Chief Financial Officer of xAI, X.AI Corp, and X Corp, and worked at Morgan Stanley for nearly a decade as Vice Chairman of Investment Banking, later joining the U.S. Department of Efficiency (DOGE) as a Senior Advisor. Coinbase praised him for his "excellent track record in efficient execution and his ability to build scalable operational systems."

With this appointment, the Coinbase board has increased from 9 to 10 members. SEC filings reveal that Anthony Armstrong has no familial relationship with Coinbase CEO Brian Armstrong.