Rishi Sunak is a well-known crypto bull who was also the former UK Finance Minister. He will soon succeed Liz Truss. He was the only eligible MP to run and he won the election. then in just 45 days after taking office, departing Liz Truss was removed from her leadership post following the swift failure of her ambitious plan to lower taxes on the country’s richest earners.Instead of improve the economy, it got worse fast – mortgage rates skyrocketed and the pound fell sharply, making her unpopular with the vast majority of Britons.It’s fair to say Sunak has a huge challenge ahead, and a large mess to clean up.He’s made his stance on crypto crystal-clear…Rishi, who is only 42 years old, belongs to the first generation to have grown with the internet, and is generally more comfortable with new technologies.Just months ago in to his prior position as chancellor of the Exchequer (or Head of the Treasury) Sunak said, “It’s my ambition to make the UK a global hub for crypto asset technology”He elaborated in a press release from his office on the topic of crypto, which said “the government can ensure financial stability and high regulatory standards so that these new technologies can ultimately be used both reliably and safely”. He believes stablecoins should be “recognized as a form of payment” because they may provide consumers with a more efficient way to pay. ———————–Author: Mark PippenLondon News Desk Breaking Crypto News