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Former Economic Secretary to the Treasury (EST) Tulip Siddiq reportedly didn’t meet a single crypto company on behalf of the new UK Labour government, according to unnamed industry insiders speaking with Sifted. Indeed, according to Sifted, Siddiq actually canceled meetings with crypto companies. Siddiq became the EST, otherwise known as City Minister, in July and helped introduce the UK’s 2026 crypto regulation roadmap as part of her role overseeing the financial services industry. However, she resigned this month following pressure in the wake of an anti-corruption investigation.  According to the aforementioned insiders, her contribution to crypto regulation wasn’t enough and she failed to make the space a priority. “The optics mean a lot to business guys particularly if you’re an American VC,” they told Sifted.  Sifted also learned via a freedom of information request that the previous Conservative government spent five years lobbying investment powerhou...

Amid a crypto downturn, startup Bastion successfully garners $25 million in a funding round spearheaded by a16z crypto, aiming to ease blockchain use for conventional businesses. Bastion, a startup supported by Andreessen Horowitz’s crypto arm, a16z crypto, emerges from stealth mode. Co-founded by Riyaz Faizullabhoy and Nassim Eddequiouaq — former chief technology and chief security officers at Andreessen Horowitz’s crypto division — Bastion recently raised $25 million in a funding round . 1/ After months of building in stealth mode, we are ready to introduce ourselves and announce our $25M fundraise led by @a16zcrypto. We are Bastion, and we are here to help brands and businesses build a digital world that people actually want to live in pic.twitter.com/mZPCxo1yRl — Bastion (@BastionPlatform) September 18, 2023 Notably, this fundraising comes amidst a bear market for digital assets. “It was clear that even as crypto came back down into another bear market, this ti...