Ex-UK Chancellor faces scrutiny over lobbying allegations

Lord Philip Hammond, a vocal crypto advocate who served as the United Kingdom’s Chancellor of the Exchequer from 2016 to 2019, may have breached lobbying rules for former ministers.

Lord Philip Hammond, a vocal crypto advocate serving as the United Kingdom’s Chancellor of the Exchequer from 2016 to 2019, might have breached the lobbying rules for former ministers. 

As reported by the Financial Times on Feb. 9, in March 2021, Hammond played a role in the communication between then Economic Secretary for the Treasury, John Glen and the unnamed Treasury officials on one side, and the CEO of crypto firm Copper, Dmitry Tokarev, on the other. The claim is based on the Treasury documents obtained through a Freedom of Information Act request.

In March 2021, Hammond played a role in the communication between the then Economic Secretary for the Treasury, John Glen and the unnamed Treasury officials on one side, and the CEO of crypto firm Copper, Dmitry Tokarev, on the other. The claim, reported the Financial Times on Feb. 9, is based on Treasury documents obtained through a Freedom of Information Act request.

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