According to Cointelegraph, on September 20, a group of British politicians gave a speech through the Metaverse at a conference including 51 countries to set a vision for the British blockchain and Web3 industry. At this Metaverse conference, 8 members of the British House of Lords and politicians delivered speeches to global leaders on the opportunities and challenges brought about by the development of Web3 technology. Natalie Elphicke, member of the UK Parliament and chair of the newly formed All-Party Parliamentary Group (APPG) Blockchain Technology, appeared in her unique metaverse persona to highlight the importance of the next generation of the internet. Elphick said in her keynote speech that the UK has the potential to become a blockchain-enabled "smart nation", but noted that the UK "lags behind its competitors" in access to blockchain-related jobs. She also mentioned decentralized finance (DeFi), saying it presents "unique challenges and opportunities" for regulators and policymakers, adding, "Ensuring transparency, auditability and accountability in these ecosystems Control is crucial.”