Bitcoin venture capital firm Axiom has appointed former UK Minister John Baker as a part-time adviser for its second venture fund, Axiom Venture Fund II. Baker, who served as Minister of State at the Northern Ireland Office until 2024, underwent a background assessment by the Advisory Committee on Business Appointments (ACOBA) before his appointment was approved. The committee recommended that Baker adhere to the '7 Principles of Public Life' to ensure integrity in his new role. ACOBA found no conflicts of interest from Baker's prior ministerial engagements that would benefit Axiom or compromise government integrity. The committee imposed conditions aimed at minimizing potential risks, advising Baker not to use government secrets or contacts from his previous role for two years. Axiom is currently raising $75 million for its second fund, emphasizing the importance of responsible investment practices within the Bitcoin ecosystem.

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