VeChain (VET) and RWA Sector Bullish as UK Parliament Funnels Millions to Embrace Crypto Adoption Amid Elections

May 23, 2024 at 11:40 AM GST 2 mins read Crypto Live News

VeChain (VET) was present at the UK Parliament’s discussion on crypto regulations.
The country is working towards funneling millions to assist in the digital transformation.
The price of VET and other RWA projects are set to skyrocket.

As the crypto community swings back to the bullish era, Bitcoin, Ethereum and most altcoins are printing bullish flags on their price charts. With all the anticipation around the ETH Spot ETH approval and the US House voting for clear regulations and protection from the SEC for crypto businesses in the US, all things seem bullish for the crypto community.

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Amidst the high bull run anticipation, VeChain (VET) the sustainability-centric green blockchain technology focused on real-world asset (RWA) tokenization, is making bold moves in the UK.

Just had an insightful meeting at the House of Lords with Baroness Manzila Uddin and a room of investors, lawyers and experts, discussing UK policy on Web3 and metaverse, representing #VeChain and business blockchain activity in the UK.

Great to see the interest from the… pic.twitter.com/iXkKMEUfrg
— Jake | VeChain ⓥ (@solomon_grundle) May 22, 2024

In detail, VeChain’s Communications Lead and Community Advocate, Jake shares an interesting meeting at the House of Lords with Baroness Manzila Uddin. He says he was in a room of investors, experts, and lawyers all discussing the UK policy on Web3 and metaverse.

During this insightful meeting, Jake says he got to represent VeChain (VET) and business blockchain activity in the UK. He says he is pleased to see the British government showing interest in this news tech field and shares his gratitude for the opportunity to speak with these policy makers.

Indeed, this is a big move for crypto in the UK as the meeting alone is a sign of the tides turning for a new chapter in the UK’s digital economy. The transition to usher in this new crypto age for the UK is on its way according to Jake. He says a lot of funding, hundreds of millions, is being poured into this incredible transition for crypto in the UK.

He concludes by saying VET and other passionate crypto projects will soon make their way into the industrial and economic digital revolution led by blockchain technology in the UK very soon. He also marks how the UK elections are just around the corner and how this could accelerate crypto adoption in the UK.

This is highly likely as the US Presidential elections led to opening doors for crypto in the US, perhaps the UK will follow suit sooner than expected. Responses from the VET community are very bullish as many expect the price of VET to hit major high in the coming golden bull run phase.