“The feeling among entrepreneurs is one of relief,” said Christian Fass, co-founder of digital lending startup LendInvest. “There is a feeling that we finally have someone reasonable at the head of the country, after the arrogance and incompetence of Liz Truss and former finance minister Kwesi Kuarteng, almost destroyed the British economy.” “Rishi sees the opportunity and the potential that crypto has and wants Britain to be a leader in it,” added Fass, who is also chairman of the “Fintech Founders” network.
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Sunak, a former Goldman Sachs analyst, has on several occasions expressed a positive attitude towards crypto. As Britain’s finance minister, he outlined a big plan in April to turn the country into a global crypto hub. This involved bringing in stable coins, within regulatory parameters and getting the Royal Mint, the UK’s official coin maker, to launch a non-convertible token.