cryptocurrency

UK’s new prime minister ‘Liz Truss’ crypto lawyer?

  • On Tuesday, Truss will formally name the next prime minister.
  • Truss tweeted in 2018 that the UK should adopt cryptocurrency.

To become the next Prime Minister of the United Kingdom, les truss Sade Against Crypto Lawyer Rishi Sunak. After former Prime Minister Boris Johnson tendered his resignation to the Queen on Monday, Truss will be formally appointed on Tuesday.

After taking office in February 2020, Sunak served as Treasury Secretary until July 2022. He had an outspoken passion for cryptocurrency throughout his tenure. In addition, in April of this year, he announced his intention to turn the UK into a crypto-friendly innovation hub. More importantly, he announced that this summer the Royal Mint will begin issuing NFTs. Thanks to his work, stablecoins are now legally recognized as a method of payment in the UK.

Reason for optimism

Given the pledge to turn the UK into a “digital currency hub,” many in the crypto world are now worried that Strauss will win the election against Sunak. However, there is reason for optimism. Strauss herself appears to be a strong supporter of developing assets. That’s what I said in the past at least.

Truss was Britain’s trade secretary in 2020, the year Brexit took place. Truss said the country could “create great opportunities in areas like blockchain.” However, the word “crypto” is not used once in its full note. Additionally, Truss tweeted in 2018 that the UK should adopt cryptocurrency.

Truss appears to be a supporter of the growing origins based on what has been mentioned in the past; However, she did not make any public statements about cryptocurrency or blockchain during her campaign. However, Sunak heavily included it in his campaign. Besides adding salt to the wound, Sunak is not expected to be a member of Truss’ government.

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