Steve Baker has become the latest politician to transition from public service to the cryptocurrency sector. After serving as Minister of State for Northern Ireland for two years and subsequently as Minister of State in the Cabinet Office for six months, he has now joined Axiom.

Former UK Minister Steve Baker Takes Advisory Role at Bitcoin VC Firm Axiom

The Advisory Committee on Business Appointments (ACOBA) has approved former Minister of State for Northern Ireland Baker's appointment as an advisor to Bitcoin-focused venture capital firm Axiom Venture Fund II LP. The part-time role comes with strict conditions to prevent potential conflicts of interest.

“By building the infrastructure of sound money, investors and entrepreneurs can foster a more stable and free economic system, ultimately creating a foundation for sustainable, just and inclusive prosperity,” Bakers commented. “This firm belief is why I am happy to announce that I have decided to join Axiom as an advisor. I believe their work will prove to be an invaluable part of that journey.”