The UK’s ambition to be a global crypto hub is a crucial element in maintaining our international competitiveness and our status as a leading financial centre. As economic secretary to the Treasury, I introduced a number of initiatives designed to ensure digital asset pioneers could invest, innovate and scale up in this country. I knew this was just one decision, but further steps would need to be taken. Following the last general election, I was encouraged to hear that this Labour government supported that ambition.