2024

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Former U.K. Chancellor George Osborne has been appointed to Coinbase’s Global Advisory Council to focus on the firm’s regulatory strategy and global expansion.
Osborne’s appointment brings a wealth of experience in government and international finance, particularly in fintech investing.
Coinbase Chief Policy Officer Faryar Shirzad highly regarded Osborne’s capabilities, emphasizing his significant role in guiding global expansion. Osborne <a href="https://www.bloomberg.com/news/articles/2024-01-31/coinbase-hires-former-uk-chancellor-osborne-for-advisory-council?sref=5hvGsjVg" data-type="link" data-id="https://www.bloomberg.com/news/articles/2024-01-31/coinbase-hires-former-uk-chancellor-osborne-for-advisory-council?sref=5hvGsjVg" target="_blank" rel="noopener noreferrer nofollow">expressed</a> enthusiasm for blockchain technology, recognizing its potential to revolutionize financial markets and online transactions, and remarked on <a href="https://crypto.news/tag/coinbase/" data-type="link" data-id="https://crypto.news/tag/coinbase/" rel="noopener noreferrer nofollow">Coinbase</a> as a key player in these developments.
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 We are very pleased to have <a href="https://twitter.com/George_Osborne?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@George_Osborne</a> join <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@coinbase</a>'s Global Advisory Council. George is one of the most experienced and thoughtful leaders in government and business, and we are grateful to have his advice and counsel as we expand Coinbase around the world.…— Faryar Shirzad 🛡️ (@faryarshirzad) <a href="https://twitter.com/faryarshirzad/status/1752697516569624690?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">January 31, 2024</a>
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You might also like: <a href="https://crypto.news/ripples-co-founder-confirms-113m-theft-xrp-down-5/" rel="noopener noreferrer nofollow"> Ripple’s co-founder confirms $113m theft, XRP down 5% </a>
Osborne’s tenure as chancellor involved key fiscal responsibilities similar to those of the U.S. Treasury Secretary, including preparing the U.K.’s annual budget and setting inflation targets. Notably, his term aimed at balancing the national budget, including housing and child benefits cuts and a reduction in corporate taxes to boost business activity. Osborne is a partner at Robey Warshaw LLP, a boutique investment bank.
Coinbase’s global operations are expanding despite facing a <a href="https://www.sec.gov/news/press-release/2023-102" data-type="link" data-id="https://www.sec.gov/news/press-release/2023-102" target="_blank" rel="noopener noreferrer nofollow">lawsuit</a> from the U.S. Securities and Exchange Commission (<a href="https://crypto.news/tag/sec/" data-type="link" data-id="https://crypto.news/tag/sec/" rel="noopener noreferrer nofollow">SEC</a>) over its crypto staking program. The company has obtained international licenses in countries like France, Spain, Singapore, and Bermuda.
<a href="https://crypto.news/tag/brian-armstrong/" data-type="link" data-id="https://crypto.news/tag/brian-armstrong/" rel="noopener noreferrer nofollow">Brian Armstrong</a>, Coinbase CEO, has hinted at the possibility of increasing investments abroad or relocating the company if regulatory clarity in the U.S. remains elusive.
The lawsuit saw a recent development where U.S. District Judge Katherine Polk Failla <a href="https://crypto.news/coinbase-vs-sec-judge-scrutinizes-90-year-old-securities-act/" data-type="link" data-id="https://crypto.news/coinbase-vs-sec-judge-scrutinizes-90-year-old-securities-act/" rel="noopener noreferrer nofollow">questioned</a> the SEC’s broad interpretation of securities laws. Legal experts have viewed Coinbase’s arguments favorably, with some predicting a high chance of the lawsuit being dismissed.
Read more: <a href="https://crypto.news/coinbase-challenges-secs-rejection-of-digital-asset-rulemaking-petition/" rel="noopener noreferrer nofollow"> Coinbase challenges SEC’s rejection of digital asset rulemaking petition </a>

Coinbase appoints ex-UK finance minister to advisory council

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