Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»Sir Philip Hammond faces charges of breaking lobbying rules
TRADING NEWS

Sir Philip Hammond faces charges of breaking lobbying rules

By Crypto FlexsFebruary 10, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Sir Philip Hammond faces charges of breaking lobbying rules
Share
Facebook Twitter LinkedIn Pinterest Email

Former British Prime Minister Under Investigation

Lord Philip Hammond, Britain’s finance minister and prominent cryptocurrency advocate, is facing allegations that he breached lobbying rules for former ministers.

Communication with Crypto Firm CEO

In March 2021, Hammond reportedly acted as an intermediary between then-Treasury Economic Affairs Minister John Glen, Treasury officials, and Dmitry Tokarev, CEO of cryptocurrency company Copper. Documents obtained through a Freedom of Information Act request show that Hammond facilitated communication between the parties.

Interaction being investigated

As reported by the Financial Times, Hammond relayed Copper’s concerns about regulatory changes for cryptocurrency companies to Treasury officials. These interactions occurred before Hammond officially joined Copper as a senior advisor in August 2021.

denial and defense

Hammond denied any wrongdoing, saying he did not consider his actions lobbying. He made it clear that he had not asked Glen to facilitate a meeting between the Treasury and Copper and that he judged it inappropriate. The Treasury also defended its position, claiming that meetings with cryptocurrency companies are routine to better understand the sector and inform policy developments.

Previous Cryptocurrency Regulation Advocate

In June 2022, Hammond publicly expressed concerns about the UK lagging behind the European Union in cryptocurrency regulation. Despite the country’s past agility in embracing new technologies, Hammond attributed the lack of progress in cryptocurrency regulation to capacity constraints.

ongoing investigation

The charges against Hammond highlight the complexity of interactions between former government officials and private sector companies, especially in emerging sectors such as cryptocurrency. As the investigation continues, scrutiny of lobbying activities and compliance increases.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

Why I am still optimistic despite noise

June 26, 2025

Like the initial Cardano, a way to reach $ 300 for Loy tokens more than $ 450K

June 25, 2025
Add A Comment

Comments are closed.

Recent Posts

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025
Most Popular

Ethereum Foundation Reveals Devcon 2024 Details: Ticket Sales, Speaker Registration, and More

July 10, 2024

Bitcoin price is targeting an 11% monthly rise as DXY threatens a ‘big’ crash.

September 29, 2024

December Decentralized Exchange Trading Volume Hits All-Time High of $478.838 Million: On-Chain Data

January 2, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.