Former UK Chancellor Joins Coinbase Amid Legal Battle with SEC

George Osborne's appointment comes as the cryptocurrency exchange expands globally and faces regulatory challenges in the US.

Former UK Chancellor George Osborne has joined Coinbase's advisory council as the company faces a legal battle with the US Securities and Exchange Commission (SEC).
Osborne's appointment comes as Coinbase is accused by the SEC of operating as a middleman on crypto transactions while evading disclosure requirements.
Coinbase, the world's largest publicly traded cryptocurrency exchange, has been expanding internationally and recently secured several licenses to operate digital currency services overseas.
Osborne brings a wealth of experience in business, journalism and government, having held a variety of roles since leaving government in 2016.
Coinbase CEO Brian Armstrong has previously suggested the company may consider investing more abroad, including relocating from the US, if regulatory pressure on crypto companies continues.