Following the recent landslide election which saw the UK Labour Party win, Prime Minister Keir Starmer has begun appointing members to the new government.

Among the appointments is Member of Parliament Tulip Siddiq, who has been assigned the role of Economic Secretary to the Treasury and City Minister.

The appointment places Siddiq in a position of influence over policies concerning the regulation of digital assets and central bank digital currencies in the UK.

However, her previous statements suggesting a potential “crypto crackdown” have drawn scrutiny.