Former UK Chancellor George Osborne has warned that the United Kingdom is falling behind in the global cryptocurrency market. Osborne, who is also a member of Coinbase's Advisory Council, highlighted that the UK missed the initial wave of Bitcoin innovation and now risks losing ground in the emerging stablecoin sector. He urged the UK government, specifically Labour Party leader Rachel Reeves, to establish a clear regulatory framework for digital assets to avoid becoming irrelevant in the evolving crypto landscape. Osborne pointed to other jurisdictions such as Singapore and Abu Dhabi that have advanced with more definitive crypto regulations. Additionally, a cryptocurrency company backed by Osborne criticized UK regulators for banning a Coinbase advertisement that depicted Britain as impoverished and struggling, suggesting that crypto could offer a way out of this scenario. Industry groups, startups, and Coinbase continue to push for reform amid the UK's cautious approach, while the US and EU accelerate their crypto legislation efforts.