Coinbase’s recruitment indicates that the company is ramping up efforts to address the lawsuit from the SEC. Last June, the SEC initiated legal action against Coinbase. Recently, Coinbase revealed that George Osborne, the ex-Chancellor of the UK, has been appointed to its advisory board. Conflicts involving the U.S. Securities and Exchange Commission and legal battles facing the digital currency trading platform may have triggered this decision. Coinbase’s latest steps indicate the firm is trying to circumvent American regulatory rules while it pursues growth in international markets. Furthermore, the recruitment indicates that the crypto exchange is stepping up its efforts to settle the protracted legal dispute with the SEC. George Oliver Osborne CH is a former British politician and a past editor of a newspaper. From 2010 to 2016, he held the position of Chancellor of the Exchequer and also took on the role of First Secretary of State within the Cameron administration in 2015. He served as a member of the Conservative Party for the Tatton constituency in parliament from 2001 to 2017. As the Editorial Chief of the Evening Standard between 2017 and 2020, he played a supervisory role. In the previous year, in June, the Securities and Exchange Commission (SEC) initiated legal proceedings against the cryptocurrency platform Coinbase, alleging that the company was involved in various securities-related activities without proper registration, specifically as an exchange, a broker-dealer, and a clearinghouse. There was widespread speculation among financial market participants that this conflict could affect the anticipated authorization of a Bitcoin ETF, due to the significant erosion of trust between the involved parties. However, a new development arose when Judge Katherine Polk Failla recently asked the SEC attorneys a thought-provoking question, which signaled a potential shift in the trajectory of the case against Coinbase. A federal court has demanded that the SEC provide clearer descriptions and delineations regarding certain terms related to cryptocurrencies, as the current explanations are deemed vague. The court wants the SEC to clarify which specific attributes of a token would categorize it as an investment contract. In today’s prominent crypto news: XRP Falls Beneath Crucial Support Levels While Experts Discuss Future Actions. Share.