Former U.K. minister approved for advisory role at Axiom Venture Capital

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As a seasoned crypto investor with a penchant for politics and a knack for spotting opportunities, I find Steve Baker’s move to join Axiom Venture Capital as an adviser intriguing. His background as a former U.K. minister, particularly his tenure at the Northern Ireland Office, provides him with a unique perspective that could prove invaluable in navigating the complex world of Bitcoin investments.

Previously serving as a British minister, Steve Baker has received authorization to assume a fresh position as advisor at the Bitcoin-centric investment company, Axiom.

The Advisory Committee on Business Appointments gave permission for ex-politician Steve Baker to accept a paid consultancy position at Axiom Venture Capital following a thorough background check. As stated in a government report released on November 28, Baker requested approval from the advisory panel prior to officially associating with the Bitcoin (BTC) specialized company.

The position of adviser at Axiom was granted to Baker, but under specific terms outlined in the document: he must not disclose any government secrets or proprietary information from his tenure as a minister that might advantage the company.

Between the years 2022 and 2024, Baker held the position of Minister of State at the Northern Ireland Office. An examination carried out by the ACOBA concluded that there were no past activities involving Baker during his ministerial term which could advantage Axiom or compromise “the government’s integrity.

The document from the advisory board states that it is the applicant’s individual duty to ensure the appropriateness of any appointment they may have. Moreover, former ministers are advised to maintain the highest ethical standards and conduct themselves in line with the 7 Principles of Public Life.

The 7 Principles of Public Life consist of selflessness, integrity, objectivity, accountability, openness, honesty, and leadership.

Inside the report, the committee highlighted potential issues stemming from his past involvement with the government and Axiom, which might give the company an undue advantage or sway in its dealings.

Consequently, the committee suggested that Baker should take steps to minimize any future risks, such as abusing connections and power both inside and outside the administration. Additionally, he will be prohibited from lobbying the British government on behalf of Axiom for a period of two years.

Additionally, Baker is barred from providing advice to Axiom regarding aspects he managed as a minister, or contacts he established within the UK government through lobbying, for a minimum period of two years.

In a recent update on his platform, Baker shared his excitement about accepting a part-time advisory role with Axiom Venture Capital for their upcoming fund, the Axiom Venture Fund II.

Axiom Venture Capital is recognized for its role as a consultant and manager of investments centered around Bitcoin. Despite having the same name, it has no affiliation whatsoever with the burgeoning Ethereum data protocol also known as Axiom.

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2024-11-28 17:33