Liz Truss will be the next Prime Minister who said the UK should ‘accept cryptocurrencies’

After the race for the leadership of the Conservative Party, Foreign, Commonwealth and Development Secretary Liz Truss will beat former Chancellor Rishi Sunak to become the next Prime Minister of the UK.

Boris Johnson, who has served as Prime Minister since 2019, will leave office, leaving Truss as the leader of the party. Trust won the election with 57.4% of the member vote compared to Sunac’s 42.6%. Truss has served as Secretary of State for Foreign, Commonwealth and Development Affairs in the United Kingdom since 2021, and Minister for Women and Equalities since 2019 under three Prime Ministers.

During her time in office, Truss advocated an anti-regulatory approach to digital assets. He is saying. In the year In 2018, the UK should “accept cryptocurrencies in a way that does not limit their potential.” As Secretary of State for International Trade in 2020, she launched a digital trade network promoting fintech companies and other initiatives.

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It’s unclear how Truce’s previous policy stance on crypto will affect her views as prime minister going forward, or whether Sunac – who has also taken pro-crypto positions – will have a place in her cabinet. She said on Monday that she has a “bold plan” to cut taxes and boost the UK economy. The government is currently considering legislative ways to regulate the role of stablecoins and crypto in the country.

Queen Elizabeth II is expected to formally appoint Truss as the next prime minister on Tuesday after accepting Johnson’s resignation.