Venture capital firm Web3 Paradigm has created the Cryptocurrency Policy Council, which includes two former U.S. government officials

Namely former House Speaker Paul Ryan and former Congressman Steve Israel, among other political figures, the company announced Monday. 

The bipartisan eight-member board will advise Paradigm's leadership and help the company "tell the Web3 story in Washington and around the world."

Ryan will lead the board as a senior advisor along with Chris Brummer, director of the Georgetown Institute for International Economic Law. 

"Addressing the challenges of cryptocurrency policy requires a range of perspectives and expertise," Justin Slaughter, Paradigm's head of policy, tweeted Monday. "This team has it all."

Other Washington veterans appointed to the board include: 

- Deb Callahan, former president of the League of Conservation Voters; 

-Maquan Delrahim, former assistant U.S. attorney general; 

- Nicole Elam, president, and CEO of the National Bankers Association; 

- Parker Pauling, former chief of staff to Congressman Patrick McHenry, is expected to head the powerful House Financial Services Committee if Republicans retake power in Tuesday's midterm elections. 

"Members of the policy council will meet regularly throughout the year, both in person and virtually, to advise Paradigm on the latest developments in cryptocurrency policy," the spokesman said.

The letter - and Paradigm's push into federal policymaking territory - comes at a time when financial regulators and lawmakers seem poised to make landmark decisions about the fate of cryptocurrency regulation. 

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