Crypto Industry Calls for UK Labour to Continue Existing Policies After Election Win

On July 4, the British Labour Party won the general election, winning 412 seats in the House of Commons, and Keir Starmer will become the new prime minister. The cryptocurrency industry hopes that the new government will continue existing policies to promote innovation and growth. Bivu Das, managing director of Kraken UK, said, "Obviously, the political landscape in the UK has changed, but for the cryptocurrency (industry), we believe that everything will continue to be basically business as usual. The new government has the opportunity to continue to drive innovation and growth in this emerging asset class and consolidate the UK's position as a leading jurisdiction for blockchain innovation." A spokesperson for the self-regulatory industry association CryptoUK said they have established a "strong relationship" with members of the Labour Party. They called on the new government to "prioritize providing clear and proactive policymaking for the cryptocurrency industry" because the industry lacks a comprehensive strategy. (Cointelegraph)