UK Prime Minister names Tulip Siddiq as City Minister overseeing financial services including crypto
Tulip Siddiq has been appointed as the Economic Secretary to the Treasury and City Minister by U.K. Prime Minister Keir Starmer. In the past, Siddiq has expressed concerns about the risks associated with cryptocurrencies and also highlighted their potential. The Labour party, which recently won a landslide election victory, has pledged to support the Bank of England's digital-pound plans and aims to make the U.K. a hub for tokenization. Siddiq's predecessor had promised to introduce secondary legislation for stablecoins and staking, but it remains to be seen if Siddiq will push ahead with these plans.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SEC Approves BlackRock’s Bitcoin ETF Options Trading on Nasdaq
Indian Supreme Court recovers YouTube account from XRP scammers
Bullish $27 – $33 XRP ATH Expected as Altcoin Moves Toward Massive Macro Wave 5 Phase, Will XRP Finally Shine This Cycle?
Chainlink And Fireblocks Collaboration Confirmed, Altcoin Allstar And DOGE Record Very Different 7-DA’s