It is a pleasure to serve under your chairmanship, Mrs Cummins. I thank my hon. Friend the Member for Newcastle-under-Lyme (Aaron Bell) for securing the debate. We both understand how important it is to protect the integrity of our sports as well as the fans, who are their lifeblood. In my first few weeks in this job I have been learning an awful lot, but I would say that in the last hour I have learned even more. Any innovations should be implemented responsibly, in line with any relevant regulation, and with transparency in how they are advertised and promoted. The Government's ongoing work on football regulation is committed to breaking the cycle of inappropriate ownership, financial instability and poor governance practices. Engaging with fans' groups goes wider than that, and the growing interest in, and promotion of, cryptoassets issued by sports clubs should clearly keep fans at the forefront. Cryptoassets can come in many forms, ranging from cryptocurrencies to non-fungible tokens. The Government are taking action on the regulation of cryptoassets and their promotion, including setting out our vision for the future of the financial services sector. In July, the Government set out our firm ambition to make the UK a global hub for cryptoasset technology and investment. We want to ensure that firms can invest, innovate and scale up in this country, and we have announced a number of reforms that will see the regulation of cryptoassets and aspects of tax treatment evolve. The Government's proposed measure to expand the scope of the financial promotion order to capture qualifying cryptoassets will bring most of these unregulated cryptoassets into financial promotions regulation. That forms part of our staged and proportionate approach to such regulation, which is sensitive to the risks posed and responsive to new developments in the market. We are actively monitoring the cryptoasset market and stand ready to regulate where necessary. The same is true for cryptoassets in sport. There is potential for cryptoassets to enhance fans' experience of sport and make them feel more a part of the clubs they love, but their use by clubs must be responsible and transparent about any risks involved.