“There’s going to be very few people over the next ten years that don’t have some involvement in this sector,” said British MP Lisa Cameron.
Though many lawmakers and regulators in the United States government seem to— e.g. Senator Elizabeth Warren’s ‘anti-crypto army’ — Cameron suggested that digital assets seemed to be less of a partisan issue across the pond. The MP echoed Sunak’s position of making the U.K. a global hub for crypto, saying she had seen lawmakers from not just one party working to achieve that goal.
“I think in the main it’s coming collectively from a cross-party basis of wanting to overcome obstacles, make sure that we have the guidance that we need and the regulations to maintain our position.”Cameron added that she was “not invested personally” in any cryptocurrency due to perceived conflicts of interest that could potentially affect her objectivity in legislation. However, she added that there was a system in place allowing U.K. lawmakers to hold digital assets.
“There’s going to be very few people over the next ten years that don’t have some involvement in this sector,” said Cameron. “I think Members of Parliament are not immune to what’s going on in the real world.” Digital asset regulation in the U.K. is partly overseen by the country’s Financial Conduct Authority, which aims to ensure crypto firms comply with Anti-Money Laundering and Combating the Financing of Terrorism requirements. The U.K. government has also
on the Financial Services and Markets Bill, legislation that proposes regulating stablecoins in addition to supporting “the safe adoption of cryptocurrencies” in the country.
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