Former Prime Minister Rishi Sunak’s resignation as party leader initiated the leadership election.
Kemi Badenoch was elected as the leader of the Conservative Party on Saturday, following four months of debate, after former chief Rishi Sunak announced his intention to resign from the position.
In response to Labour’s overwhelming victory in the most recent general election, Sunak resigned as party leader. Badenoch received the position after defeating Robert Jenrick.
Although the Conservatives have previously expressed support for crypto, they did not address the digital asset sector during the leadership race for the party. They have proposed measures to regulate crypto as a financial activity and expressed their desire for the country to become a crypto-hub.
Su Carpenter, executive director of lobby group Crypto UK, stated that “neither [Badenoch nor Jenrick] have been notably vocal (positive or negative) about their stance on crypto, tech, finance, or payments innovation] prior to the results.”
There is no public discussion of Badenoch’s stance on cryptocurrency. She promoted a controversial new integration strategy for individuals entering Britain in the lead-up to the results. She is the Conservative member of parliament for North West Essex and served as the shadow secretary of state for housing, communities, and local government, a position that necessitated her to query and challenge the Labour government.
During the Conservative government, she served in a variety of ministerial positions, including secretary of state for business and trade. She has previously emphasized the importance of financial services in the economy and advocated for light regulation.
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