According to FT, former UK Chancellor George Osborne criticized the Labour government's conservative stance on cryptocurrency policy, warning that the UK is being left behind by the US, Europe, and Asia. He pointed out that the current crypto revolution is comparable to the 'Big Bang' of the 1980s, and if the UK continues to hesitate, it will miss the historic opportunity to reshape its status as a global financial center. Although the UK has announced proposals for crypto regulation, the market generally believes that progress is slow. Osborne is currently a member of Coinbase's Global Advisory Council.