The cryptocurrency exchange has been facing mounting scrutiny in the U.S. after it was sued by the SEC last June.
Coinbase Global Inc. has appointed former U.K. Chancellor of the Exchequer George Osborne as an advisor, as the crypto exchange is facing mounting regulatory scrutiny in the United States.
Osborne has not rested on his laurels since he left his government post in 2016. He has held numerous high-level positions, and is still the chairman of the British Museum and
The former Chancellor’s experience could prove useful for Coinbase, which was sued by the U.S. Securities and Exchange Commission (SEC) last year in June for offering unregistered securities. The financial regulator alleged that Coinbase never registered as a broker, national securities exchange, or clearing agency, evading the disclosure scheme for securities markets.
