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Post: Former UK Chancellor George Osborne Joins Coinbase as Advisor, Aiding Legal Battle with SEC

Former UK Chancellor George Osborne Joins Coinbase as Advisor, Aiding Legal Battle with SEC

Key Points:

  • Coinbase Global Inc. has appointed former U.K. Chancellor of the Exchequer George Osborne as an advisor.
  • Osborne’s appointment comes as Coinbase faces regulatory scrutiny in the United States.
  • Osborne has previously held many high-level positions and currently serves as the chairman of the British Museum.
  • His experience and expertise could be valuable to Coinbase in navigating its legal challenges, particularly the SEC lawsuit for offering unregistered securities.

Elaborate With Insight:

Former U.K. Chancellor of the Exchequer George Osborne has been brought on board as an advisor for Coinbase Global Inc., one of the most prominent cryptocurrency exchanges. This move comes at a time when Coinbase is facing increased scrutiny from U.S. regulators, particularly the Securities and Exchange Commission (SEC).

Osborne’s considerable experience in finance and government could prove invaluable to Coinbase as it navigates the legal challenges it currently faces. His role as the chairman of the British Museum also demonstrates his ability to handle high-level responsibilities.

The SEC lawsuit filed against Coinbase in June 2020 alleged that the exchange had offered unregistered securities. The regulator claimed that Coinbase had not registered as a broker, national securities exchange, or clearing agency, thereby avoiding the necessary disclosure requirements for securities markets. Osborne’s expertise could assist Coinbase in handling and resolving this legal issue.

Hot Take:

George Osborne’s appointment as an advisor to Coinbase is a strategic move that could bolster the exchange’s position in its legal battle with the SEC. His extensive experience in finance and government affairs will likely provide valuable insights and guidance to Coinbase as it addresses the regulatory scrutiny it faces. This appointment signals Coinbase’s determination to resolve its legal challenges and reinforces its commitment to compliance and regulatory best practices.

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