The chair of investment bank Cavendish, Lisa Gordon, recommends taxing crypto purchases to steer Brits towards investing in local stocks. This strategy aims to invigorate the UK's economy by cutting stamp duty on equities and applying it to cryptocurrencies.

Gordon emphasizes the contrast between crypto and equities, highlighting the latter's role in funding business growth and innovation. The Financial Conduct Authority reports a significant rise in crypto ownership, especially among younger adults, prompting Gordon's proposal.

Amidst financial market dynamics and low stock exchange activity, Gordon argues for crypto taxation as a tool to reinforce the local economy.