00:00I don't know the circumstances of these individuals. I mean, obviously the sums of money are unprecedented and, you know,
00:06I understand there is concern that comes from these kind of ultra wealthy crypto people intervening in British politics.
00:12Without knowing their circumstances, I can't say. I can only tell you what the position is, which is when the
00:17Rycroft review, which looked at this, was announced, that was in March this year, and it was clear from the
00:22government, we made this statement, that we would act on those proposals and those proposals would come into effect from
00:28the date of that review being published, which I believe was the 26th of March, 2026.
00:33The reason for that is you're going to announce a change in the law. You don't want people to pre
00:37-empt the legislation. So it's always been clear, well before this issue arose, that this is how we would operate.
00:42This is what the law of the land would be. So I don't think that's retrospective. It was absolutely clear
00:47at the time.
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