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Industry advocates in the country worried previous finance minister Rishi Sunak's crypto plans wouldn't pan out, especially after his recent defeat in the race for prime minister.
Economic Secretary Richard Fuller took part in a parliamentary debate on digital assets two days after Liz Truss was officially named the country's prime minister.
The U.K. introduced the bill, which also addresses stablecoins, to Parliament earlier Wednesday, but lawmakers won’t take up the measure until later in the week.