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Liz Truss, The New UK Prime Minister, Is A Crypto Advocate

On September 5, 2022, the UK announced the new Prime Minister and also the third female prime minister in history – Mrs. Liz Truss. From her previous statements, the community recognizes her as a cryptocurrency advocate.

New UK Prime Minister Liz Truss

Liz Truss was announced as Boris Johnson‘s successor as Conservative Party leader and UK Prime Minister. She will be sworn in as prime minister in a ceremony in the presence of Queen Elizabeth II on September 6, becoming the third female prime minister in UK history.

Ms. Truss’s answer to the cost of living crisis, which she promised to implement within days of taking office, might define both her premiership and her chances of winning a mandate in the subsequent general election.

Those in the Bitcoin field are particularly interested in how Britain’s incoming prime minister will deal with cryptocurrencies. She tweeted in 2018 that:

Thus, it can be seen that the new UK Prime Minister is a person who wants to reform in the direction of freedom, minimize the harsh regulations that bind businesses as well as have progressive ideas.

In her victory speech, she also said she would launch “a bold plan to cut taxes and develop the economy, as well as deal with the energy crisis.” And extending crypto-friendly arms is also a way to help the economy expand its potential for further growth. So the crypto community is very excited about the prediction that she will have an open policy in this field.

Liz Truss, The New UK Prime Minister, Is A Crypto Advocate 3

Notably, a recent survey indicated that the United Kingdom, the United States, and Ukraine are global leaders in cryptocurrency use. The study considered the number of cryptocurrency owners in a country, the DeFi adoption index, the number of businesses that accept crypto payments, the number of Bitcoin ATMs, and the monthly search volume of cryptocurrency terms.

Interestingly, given the booming crypto sector, a UK Parliamentary Group launched an examination into greater crypto legislation in August.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.