King Charles III's Speech Highlights Labour Government Priorities, Omits Crypto Regulation

In his speech on July 17, 2024, King Charles III outlined the Labour government's priorities for the UK, focusing on economic stability, wealth creation, infrastructure improvement, and new technologies, but notably omitted specific mention of cryptocurrency regulations. This marked a shift from the previous Conservative administration's approach, which had introduced the Financial Services and Markets Bill and the Economic Crime and Corporate Transparency Bill to address crypto regulation during the State Opening of Parliament in May 2022. With the Labour Party's recent electoral victory, experts anticipate potential changes in digital asset and blockchain policies, although details remain sparse as Prime Minister Keir Starmer has not prominently addressed crypto as a policy priority. The Labour government's legislative agenda, outlined in the King’s Speech, includes 40 new bills, contrasting with the 21 bills introduced by the Conservatives in their last address.