George Osborne, former U.K. Chancellor at the Exchequer, has joined Coinbase (COIN)’s advisory council.

Osborne was chancellor of the United Kingdom from 2010 to 2016. He is now the second former U.K. leader to join a cryptocurrency firm. Philip Hammond was his immediate successor and joined Copper in October 2021 as an advisor. He later became the chairman of the custody firm.

The appointment shows how important it is for crypto firms to have former regulators and policymakers on their team in order to navigate the sometimes turbulent waters of compliance. Coinbase’s Advisory Council includes former U.S. Defense Secretary Dr. Mark T. Esper and former Pennsylvania Senator Patrick Toomey. Osborne will be the 10th member of the panel according to the current list.

Osborne also interviewed Coinbase CEO Brian Armstrong last year when he suggested that the company could leave the U.S. , if the regulatory environment in the country did not improve.

Coinbase announced that Osborne joined the company at a time of rapid international expansion, after acquiring licenses in France and Spain.

Read more: Oppenheimer Upgrades Coinbase as Crypto Exchange is ‘Stronger than Many Realize’

Sheldon Reback is the editor.