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

cointelegraph.com:

Lisa Cameron, a Member of Parliament in the United Kingdom since 2015, may not have used the Bitcoin Lightning Network in her time as a lawmaker, but spends a lot of her time in office focused on digital assets.

Speaking to Cointelegraph at the Consensus 2023 conference in Austin, Texas on April 28, Cameron said she first started advocating for crypto-related policies in the U.K. government following one of her constituents being the victim of a rug pull. Since then, the lawmaker has gone on to chair the country's Crypto and Digital Assets Group and work with Prime Minister Rishi Sunak, who aims to make the U.K. a “global hub for crypto-asset technology.”

“I’m an advocate for getting regulation in place that makes the most of the potential of the sector whilst protecting consumers,” said Cameron.

Reps from Japan, UK, IMF, and Abu Dhabi discussing global crypto regulation here at #Consensus2023 pic.twitter.com/vTnbC1eunc

According to Cameron, the fallout from the 2022 crypto market crash provided the U.K. the opportunity to “sit up and take notice” of potential bad actors in the space. Regulators have already announced severe consequences for certain crypto firms not following requirements in advertising services to U.K. customers.

Though many lawmakers and regulators in the United States government seem to view crypto as a polarizing issue — e.g. Senator Elizabeth Warren’s ‘anti-crypto army’ — Cameron suggested that digital assets seemed to be less of a partisan issue across the pond. The MP echoed Sunak’s position of making the U.K. a global hub for crypto, saying she had seen lawmakers from not just one party working to achieve that goal.

Related: UK financial watchdog to crypto industry: ‘Let’s work together’

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