British MP Lisa Cameron is 'not invested personally' in crypto but advocates for regulation

Lisa Cameron, a Member of Parliament successful the United Kingdom since 2015, whitethorn not person utilized the Bitcoin Lightning Network successful her clip arsenic a lawmaker, but spends a batch of her clip successful bureau focused connected integer assets.

Speaking to Cointelegraph astatine the Consensus 2023 league successful Austin, Texas connected April 28, Cameron said she archetypal started advocating for crypto-related policies successful the U.K. authorities pursuing 1 of her constituents being the unfortunate of a rug pull. Since then, the lawmaker has gone connected to seat the country's Crypto and Digital Assets Group and enactment with Prime Minister Rishi Sunak, who aims to marque the U.K. a “global hub for crypto-asset technology.”

“I’m an advocator for getting regularisation successful spot that makes the astir of the imaginable of the assemblage whilst protecting consumers,” said Cameron.

Reps from Japan, UK, IMF, and Abu Dhabi discussing planetary crypto regularisation present astatine #Consensus2023 pic.twitter.com/vTnbC1eunc

— Cointelegraph (@Cointelegraph) April 28, 2023

According to Cameron, the fallout from the 2022 crypto marketplace clang provided the U.K. the accidental to “sit up and instrumentality notice” of imaginable atrocious actors successful the space. Regulators person already announced terrible consequences for definite crypto firms not pursuing requirements successful advertizing services to U.K. customers.

Though galore lawmakers and regulators successful the United States authorities look to view crypto arsenic a polarizing issue — e.g. Senator Elizabeth Warren’s ‘anti-crypto army’ — Cameron suggested that integer assets seemed to beryllium little of a partisan contented crossed the pond. The MP echoed Sunak’s presumption of making the U.K. a planetary hub for crypto, saying she had seen lawmakers from not conscionable 1 enactment moving to execute that goal.

“I deliberation successful the main it’s coming collectively from a cross-party ground of wanting to flooded obstacles, marque definite that we person the guidance that we request and the regulations to support our position.”

Related: UK fiscal watchdog to crypto industry: ‘Let’s enactment together’

Cameron added that she was “not invested personally” successful immoderate cryptocurrency owed to perceived conflicts of involvement that could perchance impact her objectivity successful legislation. However, she added that determination was a strategy successful spot allowing U.K. lawmakers to clasp integer assets.

“There’s going to beryllium precise fewer radical implicit the adjacent 10 years that don’t person immoderate engagement successful this sector,” said Cameron. “I deliberation Members of Parliament are not immune to what’s going connected successful the existent world.”

Digital plus regularisation successful the U.K. is partially overseen by the country’s Financial Conduct Authority, which aims to guarantee crypto firms comply with Anti-Money Laundering and Combating the Financing of Terrorism requirements. The U.K. authorities has besides been moving forward connected the Financial Services and Markets Bill, authorities that proposes regulating stablecoins successful summation to supporting “the harmless adoption of cryptocurrencies” successful the country.

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