The post Coinbase Appoints George Osborne As Internal Advisory Council Chair appeared on BitcoinEthereumNews.com. Coinbase, the largest US-based crypto exchangeThe post Coinbase Appoints George Osborne As Internal Advisory Council Chair appeared on BitcoinEthereumNews.com. Coinbase, the largest US-based crypto exchange

Coinbase Appoints George Osborne As Internal Advisory Council Chair

Coinbase, the largest US-based crypto exchange, has appointed George Osborne, a former United Kingdom chancellor of the exchequer, to run the company’s internal advisory council.

The decision to appoint Osborne, who began working as a Coinbase advisor in 2024 during its battle with the US Securities and Exchange Commission (SEC), is part of Coinbase’s strategy of expanding its influence with foreign governments, according to Reuters.

Osborne announced the new lead position on Thursday, framing it as a learning opportunity. He said:

Source: George Osborne

In August, Osborne penned an op-ed in the Financial Times criticizing the UK for falling behind other jurisdictions in crypto regulations and development.  

The lack of development in British pound-pegged stablecoins was a key concern for Osborne, who argued that the pound is at risk of becoming irrelevant as US stablecoins claim the majority of the market share, cementing the dollar’s role as the global reserve currency.

The appointment of Osborne comes at a significant moment for Coinbase, as the company recently acquired other businesses, such as crypto derivatives exchange Deribit, and expanded its product offerings beyond crypto and into traditional asset classes.

Related: Coinbase expands in Poland with Blik mobile payments integration

Coinbase attempts to become a one-stop shop for financial services

Coinbase announced on Wednesday the integration of tokenized stock trading and prediction markets in a bid to become an “everything app” for finance.

Tokenizing stocks and exchange-traded funds (ETFs) enables 24/7 trading and allows these traditional financial assets to be used as collateral in crypto applications.

Coinbase CEO Brian Armstrong announces the suite of new Coinbase features at a livestream event. Source: Coinbase

The exchange has selected Kalshi as the service provider for its upcoming prediction market platform, enabling investors to trade event contracts.

Coinbase also plans to offer perpetual crypto and stock futures sometime in 2026, with up to 50 times leverage available to users.

Perpetual futures contracts do not expire, unlike traditional futures contracts that must be rolled over, and also feature 24/7 trading.

Magazine: How the digital yuan could change the world… for better or worse

Source: https://cointelegraph.com/news/coinbase-george-osborne-uk-minister-advisory-council?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

Market Opportunity
Talus Logo
Talus Price(US)
$0.01195
$0.01195$0.01195
+1.35%
USD
Talus (US) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Whales keep selling XRP despite ETF success — Data signals deeper weakness

Whales keep selling XRP despite ETF success — Data signals deeper weakness

The post Whales keep selling XRP despite ETF success — Data signals deeper weakness appeared on BitcoinEthereumNews.com. XRP ETFs have crossed $1 billion in assets
Share
BitcoinEthereumNews2025/12/20 02:55
Foreigner’s Lou Gramm Revisits The Band’s Classic ‘4’ Album, Now Reissued

Foreigner’s Lou Gramm Revisits The Band’s Classic ‘4’ Album, Now Reissued

The post Foreigner’s Lou Gramm Revisits The Band’s Classic ‘4’ Album, Now Reissued appeared on BitcoinEthereumNews.com. American-based rock band Foreigner performs onstage at the Rosemont Horizon, Rosemont, Illinois, November 8, 1981. Pictured are, from left, Mick Jones, on guitar, and vocalist Lou Gramm. (Photo by Paul Natkin/Getty Images) Getty Images Singer Lou Gramm has a vivid memory of recording the ballad “Waiting for a Girl Like You” at New York City’s Electric Lady Studio for his band Foreigner more than 40 years ago. Gramm was adding his vocals for the track in the control room on the other side of the glass when he noticed a beautiful woman walking through the door. “She sits on the sofa in front of the board,” he says. “She looked at me while I was singing. And every now and then, she had a little smile on her face. I’m not sure what that was, but it was driving me crazy. “And at the end of the song, when I’m singing the ad-libs and stuff like that, she gets up,” he continues. “She gives me a little smile and walks out of the room. And when the song ended, I would look up every now and then to see where Mick [Jones] and Mutt [Lange] were, and they were pushing buttons and turning knobs. They were not aware that she was even in the room. So when the song ended, I said, ‘Guys, who was that woman who walked in? She was beautiful.’ And they looked at each other, and they went, ‘What are you talking about? We didn’t see anything.’ But you know what? I think they put her up to it. Doesn’t that sound more like them?” “Waiting for a Girl Like You” became a massive hit in 1981 for Foreigner off their album 4, which peaked at number one on the Billboard chart for 10 weeks and…
Share
BitcoinEthereumNews2025/09/18 01:26
New York Regulators Push Banks to Adopt Blockchain Analytics

New York Regulators Push Banks to Adopt Blockchain Analytics

New York’s top financial regulator urged banks to adopt blockchain analytics, signaling tighter oversight of crypto-linked risks. The move reflects regulators’ concern that traditional institutions face rising exposure to digital assets. While crypto-native firms already rely on monitoring tools, the Department of Financial Services now expects banks to use them to detect illicit activity. NYDFS Outlines Compliance Expectations The notice, issued on Wednesday by Superintendent Adrienne Harris, applies to all state-chartered banks and foreign branches. In its industry letter, the New York State Department of Financial Services (NYDFS) emphasized that blockchain analytics should be integrated into compliance programs according to each bank’s size, operations, and risk appetite. The regulator cautioned that crypto markets evolve quickly, requiring institutions to update frameworks regularly. “Emerging technologies introduce evolving threats that require enhanced monitoring tools,” the notice stated. It stressed the need for banks to prevent money laundering, sanctions violations, and other illicit finance linked to virtual currency transactions. To that end, the Department listed specific areas where blockchain analytics can be applied: Screening customer wallets with crypto exposure to assess risks. Verifying the origin of funds from virtual asset service providers (VASPs). Monitoring the ecosystem holistically to detect money laundering or sanctions exposure. Identifying and assessing counterparties, such as third-party VASPs. Evaluating expected versus actual transaction activity, including dollar thresholds. Weighing risks tied to new digital asset products before rollout. These examples highlight how institutions can tailor monitoring tools to strengthen their risk management frameworks. The guidance expands on NYDFS’s Virtual Currency-Related Activities (VCRA) framework, which has governed crypto oversight in the state since 2022. Regulators Signal Broader Impact Market observers say the notice is less about new rules and more about clarifying expectations. By formalizing the role of blockchain analytics in traditional finance, New York is reinforcing the idea that banks cannot treat crypto exposure as a niche concern. Analysts also believe the approach could ripple beyond New York. Federal agencies and regulators in other states may view the guidance as a blueprint for aligning banking oversight with the realities of digital asset adoption. For institutions, failure to adopt blockchain intelligence tools may invite regulatory scrutiny and undermine their ability to safeguard customer trust. With crypto now firmly embedded in global finance, New York’s stance suggests that blockchain analytics are no longer optional for banks — they are essential to protecting the financial system’s integrity.
Share
Coinstats2025/09/18 08:49