When Liz Truss stepped down as prime minister last week, crypto firms were worried it could further undermine Britain’s plans to become a so-called “crypto hub”. That ambition was announced six months ago. It feels like a lifetime.
“We spent more than three years educating the right MPs at the Treasury and now we are back to square one,” Ian Taylor, head of crypto trade body CryptoUK, told Financial News after Truss announced her exit.