UK General Election: Crypto Industry Uncertain as Labour Party Leads in Polls

The Labour Party is currently ahead in the polls for the UK general election, with 42% of voters showing support, while the Conservatives have only 19%. However, both parties have failed to mention cryptocurrency in their election manifestos, leaving the industry's future in the country uncertain. Despite this, industry participants are hopeful that the major parties will address the issue and provide concrete details on their stance on crypto after the election. Some experts suggest that a phased approach, starting with stablecoin legislation, may be a feasible option for a Labour government, while others believe that the important work done by regulators will not be disregarded by any incoming party. The UK's upcoming election on July 4th may bring uncertainty for the country's crypto hub plans.