What's happened
Former UK chancellor George Osborne joins cryptocurrency exchange Coinbase as an adviser amid legal battle with US regulator.
Why it matters
The appointment of George Osborne as an adviser to Coinbase is significant as it comes amid a legal battle with the US regulator and growing scrutiny of the crypto industry.
What the papers say
The Independent reports on Osborne's view of exciting innovation in finance and Coinbase's global expansion, while The Times emphasizes mounting regulatory pressure on the digital assets industry. The Guardian focuses on the legal battle between Coinbase and the US regulator, as well as Osborne's series of well-paid jobs since leaving government.
How we got here
George Osborne, the former UK chancellor, has joined cryptocurrency exchange Coinbase as an adviser amid a legal battle with the US regulator. The crypto industry is facing growing scrutiny from regulators around the world.
More on these topics
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Coinbase is a digital currency exchange headquartered in San Francisco, California. They broker exchanges of Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Tezos, and many others, with fiat currencies in approximately 32 countries, and bitco
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George Gideon Oliver Osborne CH is a British politician and newspaper editor who served as Chancellor of the Exchequer under Prime Minister David Cameron from 2010 to 2016.