Kemi Badenoch was elected as the leader of the Conservative Party on Saturday after a lengthy four-month debate following the resignation of former leader Rishi Sunak. Sunak stepped down in light of Labour's landslide victory in the recent general election. Badenoch ultimately won out against Robert Jenrick for the leadership role.

While the Conservative Party has previously maintained a crypto-friendly stance, advocating for regulations to classify cryptocurrency as a legitimate financial activity, this topic was notably absent from discussions during the leadership contest.

"Neither [Badenoch nor Jenrick] have been particularly vocal (positive or negative) on their stance on crypto, tech, finance or payments innovation," commented Su Carpenter, executive director of lobby group Crypto UK, prior to the election results.

Despite this, it is noteworthy that Badenoch has not made any public remarks on her views regarding cryptocurrency. In the lead-up to her leadership election, she promoted a controversial integration strategy directed at newcomers to Britain, having previously served as the Conservative member of parliament for North West Essex and as shadow secretary of state for housing, communities, and local government.

Previously, she held significant ministerial roles, including secretary of state for business and trade, during which she emphasized the importance of financial services within the economy and pushed for less burdensome regulation.

Overall, her election reflects a pivotal moment for the Conservative Party amidst shifting political dynamics.