Britain recently completed its transition to power following the resignation of former Prime Minister Boris Johnson. Liz Truss took the post after defeating fellow candidate Rishi Sunak in the race to become the next Prime Minister.
Rishi Sunak and Liz Truss have been outspoken about cryptocurrencies and blockchain technology. However, unlike Sunak, Liz Truss is more reserved in her comments about crypto. With Liz’s crypto interests, it looks like the UK will be more crypto-friendly than ever.
A recent statement from the UK’s Economic Secretary confirms that the UK government is keen to reinforce the UK’s position as a crypto-friendly country. The UK is gradually accepting cryptocurrencies, but under the conditions that it monitors its operation and distribution in the country.
While the UK government continues to express its desire to include crypto and blockchain innovation as part of its technological arrangements, it remains uncertain whether the bill will pass.
Meanwhile, Ripple, Avalanche and Big Eyes Coins three cryptocurrencies are ready to shoot to the moon in the upcoming crypto summer, here is more about them:
Could Crypto Regulations Favor Ripple?
Ripple has had its fair share of backlash from crypto regulation. A good example is the lawsuit with the SEC. Ripple (XRP) has been claimed to be a security that can guarantee certain customs and duties. Meanwhile, the Ripple team has denied the distribution of the token as a security.
Could the UK’s friendliness encourage Ripple to thrive in the country’s economy without any potential regulatory risk? Well, this question is up to the government. Ripple has maintained its stance on discounts in the US where it has faced the most regulatory backlash.
The coin has also thrived in the crypto market regardless of the situation. Ripple’s community [the XRPArmy] has also played a role in keeping the asset relevant in the market. Ripple can lead to gains when the market is going well because during the crypto winter, the developers and the marketer have strengthened partnerships with many institutions and products.
Landslide set to maintain a steady uptrend
Avalanche is another cryptocurrency and network that has not compromised its uptrend position when seen on the chart from the monthly time frame. You could see that it last bottomed out in June 2022, and is set to reach the moon by 2023.
Holders of Avalanche (AVAX) expect a sudden increase in the crypto market value when strong positive news and sentiment occurs across the network or market. Now might be a good time to hold on.
Big Eyes Coin hits target over pre-sale
Big Eyes Coin is a cryptocurrency whose explosion is imminent. It will offer so much to the crypto community including liquidity mining, staking and NFT creation.
Big Eyes Coin is already building its community over the presale and will launch on Uniswap as soon as the presale ends. You can join the community now with as little as 1 USDT, or wait until IDO to get as many tokens as possible at a higher price – this includes losing the chance to get early bird rewards over the presale.
Learn more about Big Eyes Coin below:
Pre-sale: https://buy.bigeyes.space/?section=buy
Website:
