Shift

United

Prime

Bitcoin

Drops

<ul>
 <li>Keir Starmer will be sworn in as Prime Minister after Rishi Sunak steps down.</li>
 <li>In contrast to the current US elections, crypto did not dominate the discourse in the UK.</li>
</ul>
In the UK general election, the Labour Party defeated Rishi Sunak’s conservative party by a wide margin, marking the first time in fourteen years that the party has been out of power. There is a lot of anticipation within the crypto community in the <a href="https://thenewscrypto.com/bitcoin-payment-app-strike-expands-to-uk-boosting-btc-adoption/" target="_blank" rel="noopener noreferrer nofollow">UK</a>. As they await the outcome of the regulatory policy and other possibilities.
As soon as Rishi Sunak steps down from his position as prime minister of the United Kingdom, Keir Starmer will be sworn in. There will likely be a similar shift in the UK’s domestic cryptocurrency industry. Crypto companies in the UK, like their American counterparts, have been unable to go forward with big choices due to the government’s hazy regulations.
<h3 class="wp-block-heading" id="h-all-eyes-on-the-new-prime-minister">All Eyes on the New Prime Minister</h3>
In July, the previous Conservative administration was getting ready to regulate cryptocurrency. On the other hand, the country’s crypto ecosystem may need further time to be understood by newly elected Prime Minister <a href="https://twitter.com/Keir_Starmer?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" target="_blank" rel="noopener noreferrer nofollow">Keir Starmer</a>.
A potential lack of government advocacy might emerge from the resignation of crypto-friendly MPs like Lisa Cameron. The community is still waiting for the government to make more specific promises. Even if the Labour Party takes a good stance towards crypto. Voters in the UK have voiced their worries about this matter before.
In contrast to the current <a href="https://thenewscrypto.com/cardano-founder-proposes-blockchain-backed-elections-with-paper-audit-trail/" target="_blank" rel="noopener noreferrer nofollow">US elections</a>, crypto did not dominate the discourse in the UK. According to Crypto Council for Innovation’s U.K. policy manager Laura Navaratnam, the Labour Party’s platform included language that seemed to advocate for a more competitive market.
It discussed regulators’ responsibilities, albeit in a more general sense. But there’s still no crypto. She did add, however, that they haven’t said anything bad either.&nbsp;
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/bitcoin-drops-below-55k-amid-mt-gox-wallet-activity/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Drops Below $55K Amid Mt. Gox Wallet Activity</a>

Labour Party Wins UK Election, Signals Shift in Crypto Regulation Landscape

Mục lục

TheNewsCrypto

Các bài viết khác được xuất bản trên 5 thg 7, 2024

MoonBag Listing on LBank Confirmed for October 11, 2024: A New Era for Crypto Enthusiasts

BTC Witnesses New Lows Daily

Failed to make profits in Crypto bull run? Here’s the solution

UFC Fighter Khamzat Chimaev Faces Backlash Over SMASH Meme Coin Insider Trading Claims

NFTs Rise From The Ashes: Market Sees Unexpected Boom In 2024

MetaHub: Leading the Charge in the Era of Startups and Digital Transformation

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!