Labour’s Tulip Siddiq Appointed UK Economic Secretary, Signals Strong Crypto Regulation Stance

Following a landslide victory for the UK Labour Party on July 4, Prime Minister Keir Starmer has begun assembling his new government, appointing Member of Parliament Tulip Siddiq among others. On July 9, PM Starmer named Siddiq as Economic Secretary to the Treasury and City Minister, entrusting her with overseeing policies impacting digital assets and central bank digital currencies in the UK. Siddiq, who previously held shadow roles while the Conservatives were in power, indicated a stance favoring stricter cryptocurrency regulations. In a May 2023 op-ed for the New Statesman, Siddiq advocated for a comprehensive regulatory framework akin to the

Source: CryptoIntelligence