According to Foresight News, Bim Afolami, the UK Treasury's Economic Secretary, has expressed confidence that the government will pass secondary legislation around stablecoins and collateral in the coming weeks. These issues are of utmost priority for the next few weeks and months.
The general election is expected to be held in the second half of this year, leaving the ruling Conservative Party with little time to implement all the cryptocurrency measures they have promised. Afolami stated last month that the government plans to enact new laws on stablecoins, collateral, and cryptocurrency custody and exchanges before July.
