After four months of debate, Kemi Badenoch was elected Conservative leader on Saturday after former British leader Rishi Sunak said he would step down as Conservative Party leader. While the Conservatives have been friendly to cryptocurrencies in the past - proposing measures to ensure they are regulated as a financial activity and saying they want the country to become a cryptocurrency hub - the digital asset industry has not been mentioned in the party's leadership battle.
British Prime Minister Sunak: I will step down as leader of the Conservative Party in the near future, but not immediately.
Labour won Thursday's UK general election by a landslide, ending 14 years of Conservative rule and will appoint Keir Starmer as prime minister, but its legislative plans leave the direction of cryptocurrency regulation unclear. According to the BBC, Labour won more than the 326 seats needed for a majority, and as of 6:00 am BST (5:00 UTC) on Friday, Labour had 388 seats, while the Conservatives (i.e. Conservatives) fell to just under 100. In their pre-election manifestos, neither party mentioned...