According to CoinDesk, Kemi Badenoch has been elected leader of the UK Conservative Party, replacing Rishi Sunak, who resigned after the Labour Party won a landslide victory in the general election, and Badenoch won by defeating Robert Jenrick.
Although the Conservative Party is known for its support of cryptocurrencies, the issue of cryptocurrencies has not been mentioned in this leadership contest. Crypto UK executive director Su Carpenter said neither Badenoch nor Jenrick had taken a clear stance on cryptocurrency, technology, finance or payments innovation.
Badenoch has also not publicly discussed her views on cryptocurrencies. During the campaign, she advocated for a new immigrant integration strategy. She is the Conservative MP for North West Essex and a former shadow secretary of state for housing, communities and local government.
During the Conservative government, Badenoch held several ministerial positions, including Secretary of State for Business and Trade, and has stated that financial services are an important component of the economy, calling for regulation not to be overly burdensome.