London Mayoral Candidate Brian Rose Plans To Give Constituents £100 Worth Of New Crypto Token If Elected
Mayor of London candidate Brian Rose announced plans on Wednesday to give city residents £100 worth of a new crypto token if elected as part of his plans to make the capital a “crypto-friendly city.”
The token, aptly called $LONDON, would be funded by a 1% tax on traditional banks and could be used by constituents to “pay council bills, parking tickets, and more.”
Designed for residents of all abilities to spend, invest, or trade, Rose believes the novel token would give city residents a bit more spending power and provide greater access to cryptocurrencies.
“ Cryptocurrency is the future and I believe the LONDON token, with its inbuilt utility and sizable liquidity pool, is the perfect way to provide a much-needed financial education for every person in Greater London,” Rose said.
Rose is just one of thirteen hopefuls running to be London’s next mayor in the May 2 election. Incumbent Sadiq Khan is currently leading in the polls, followed by British Conservative Party candidate Susan Hall.
Rose, a former Wall Street banker-turned-media-mogul and founder of the London Real Party, previously ran for mayor of London in 2021.
He has earned a reputation for platforming conspiracy theories and misinformation, with YouTube taking down his media firm’s channel, London Real, in 2023.
In 2020, the UK’s Office of Communications chastised the capital television station, London Live, for breaking national broadcasting rules regarding Rose’s interview with David Icke, a well-known conspiracy theorist.
As part of my commitment to making London a crypto-friendly city, I am excited today to announce my new campaign policy as your next Mayor to give every person in London £100 worth of a new capital crypto token.
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