Coinbase appoints former UK minister George Osborne to chair advisory council

Coinbase, the largest US-based crypto exchange, has appointed George Osborne, a former UK chancellor of the exchequer, to chair its internal advisory council. Osborne, who began advising Coinbase in 2024, frames the chairmanship as an opportunity to further understand the blockchain revolution's potential. This move is part of Coinbase's strategy to enhance its influence with foreign governments. Osborne has previously criticized the UK government for lagging in digital asset regulation, warning that a lack of development in pound-pegged stablecoins risks the pound's relevance against dominant US stablecoins. The appointment occurs as Coinbase expands its offerings, including acquiring Deribit and integrating tokenized stock trading and prediction markets, aiming to become a comprehensive financial services platform.

(Source：Cointelegraph)