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Today in crypto, Coinbase adviser George Osborne warns the UK is falling behind on stablecoins, crypto funds see outflows after 15 weeks of gains, and the US commodities regulator moves to act on the White House’s latest crypto report.
The United Kingdom is falling behind in the digital asset market, particularly in the area of stablecoins, despite the technology’s potential to help the country preserve its leading role in global financial services.
That was a central message in a recent Financial Times op-ed by George Osborne, the former UK chancellor turned crypto lobbyist, who joined Coinbase as an adviser last year.
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