From CNBC:

Former British Chancellor George Osborne has joined cryptocurrency exchange Coinbase as a global advisor, boosting company regulatory power. His experience as a former finance minister and current partner at an investment bank will help in connecting with politicians and regulators. This move comes as Coinbase faces intense regulatory scrutiny in the U.S.

Osborne, who served as Britain’s finance minister from 2010 to 2016, will serve in an advisory capacity at Coinbase, aiding in building crypto-friendly regulations. He brings a wealth of experience in finance, business, and journalism and will assist the company in navigating the global market.

The connection between Osborne and Coinbase began last year, with multiple public appearances together. This partnership comes at a pivotal time as Coinbase expands across Europe. Having recently acquired licenses in several countries, the company is facing regulatory pressure in the U.S., with allegations of violating securities laws. Coinbase has expressed a willingness to consider relocating if regulatory pressures on crypto companies continue.



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