Overview
Arvin Abraham, a partner at law firm McDermott Will & Emery, said:
“Rishi Sunak’s elevation to Prime Minister comes as welcome news for the crypto industry in the UK, which has been buffeted by a deep ‘crypto winter’ and the general economic downturn. As Chancellor of the Exchequer, he had championed turning the UK into an international hub for crypto businesses. With his newfound powers and influence as Prime Minister, he will be able to do more to drive innovation and create a friendly regulatory environment for the industry. Watch this space.”