In 2022, John Glen pledged to make the U.K. a global hub for crypto. Now, with Labour potentially taking over, the future direction, support, and regulations for the crypto industry may face new uncertainties.
Labour's lack of reference to digital assets or financial services in their recent publication indicates a need for rapid development of stance on crypto. There are opportunities for Labour to positively impact the industry, such as finalizing stablecoin regulations.
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