The upcoming UK election on July 4 will determine if the Conservative Party retains power or if Labour takes over after 14 years. Potential changes in leadership could influence the UK government's approach to cryptocurrency and blockchain regulations. A survey by Zumo revealed that a significant number of young adults are concerned about the future of crypto in the country and believe lawmakers should prioritize industry growth. The departure of crypto-friendly MPs post-election has raised uncertainties about the regulatory landscape. Both major parties express support for innovation-friendly regulations, but concrete plans are awaited. Despite the lack of crypto discussions in recent debates, reports suggest that crypto executives are engaging with Labour officials. In the US, political controversies and court rulings are affecting the presidential race, with President Biden facing challenges. The global financial crisis could also impact the ongoing bull run in the crypto market. Read more AI-generated news on: https://app.chaingpt.org/news