Meanwhile, regulatory experts warn that, by tying future crypto regulation to a desire to drive economic growth and boost a financial sector that’s flagged since Brexit, the British government could put consumers at risk. But beyond vague promises to open pathways for crypto companies in the UK, so far there are few details as to what becoming a “crypto hub” might involve. On June 11, he celebrated the launch of a London office by venture capital firm Andreesen Horowitz (a16z)-one of whose funds has invested $7.6 billion into crypto-by saying, once again, that he is determined to “turn the UK into the world’s Web3 center.”įor firms like a16z, the UK offers an alternative to the US, where regulators have been accused of being both heavy-handed and failing to clarify the rules for the industry. Sunak’s enthusiasm for crypto, however, remains intact. Billions of dollars are now locked up in various bankruptcy proceedings, and the industry is under the intense scrutiny of regulators in the US and elsewhere. The meltdown of the Terra-Luna stablecoin in May 2022 sent the industry into a spin that led to the failure of crypto lender Celsius, hedge fund Three Arrows Capital and, in a roundabout way, crypto exchange FTX. Economic growth has plateaued, and many in the country are struggling to stay afloat as prices rise and wages stagnate.
The UK is now on its third leader and fourth chancellor in under a year, after a disastrous “fiscal event” in September 2022 that blew a £60 billion ($76 billion) hole in the national budget. In July 2022, Sunak quit as chancellor, helping bring down his boss, then prime minister Boris Johnson. Since then, both crypto and the UK economy have quite dramatically come off their peaks.
The following April, Sunak unveiled a plan to make the country “ a global cryptoasset technology hub” by writing clear regulations that would “give the confidence they need to think and invest long-term.” Crypto, Sunak said, was “the business of tomorrow.” The UK’s prime minister was finance minister during crypto’s last hot streak in 2021, when the hype cycle pushed the value of cryptocurrencies to record levels. The three bears never saw that rude little girl again.Rishi Sunak likes crypto. She screamed, “Ahhhh!” And she jumped up and ran out of the door. Goldilocks woke up and saw the three bears. “And someone is still sleeping in my bed!” said Baby bear. “Someone’s been sleeping in my bed, too” said the Mommy bear When they got upstairs to the bedroom, Daddy bear shouted, “Someone’s been sleeping in my bed,” “Someone’s broken my chair!” cried the Baby bear. “Someone’s been sitting in my chair,” said the Daddy bear and Mommy bear. “Someone ate all of my porridge!” cried the Baby bear. “Someone’s been eating my porridge,” said the Daddy bear and Mommy bear. ZZZZ…Īs Goldilocks was sleeping, the three bears came home. Then she lay down on the third bed and it was just right. Then she lay on the second bed, but it was too soft. She lay down on the first bed, but it was too hard. But when she sat on the chair to rest, it broke into pieces! Crack! ” This chair is just right,” she said happily. So she tried the last and smallest chair. Then, she sat in the second chair, but it was still too big.
Goldilocks sat in the first chair to rest her feet, but it was too big. “This porridge is just right,” she said happily and she ate it all.Īfter she’d eaten the porridge, she went into the living room. Then, she tasted the last bowl of porridge. She tasted the porridge from the second bowl, but it was too cold.
She tasted the porridge from the first bowl, but it was too hot. On the table in the kitchen, there were three bowls of porridge. She knocked on the door and, when no one answered, she walked inside. One day, she went for a walk in the forest. Once upon a time, there was a little girl called Goldilocks.
0 kommentar(er)
