UK's Labour Party's recent election victory has sparked hope for positive engagement with the cryptocurrency industry. Despite the lack of crypto discussion during the election campaign, industry insiders are optimistic about Labour's previous recognition of tokenized securities, fintech, and central bank digital currencies. Labour's "plan for financial services" released earlier this year highlighted the potential of tokenization and expressed the party's intent to make the UK a global leader in this area. The party also plans to introduce regulatory sandboxes and pilot tokenized gilts. The crypto industry is hopeful that Labour's victory will bring about the much-needed change in the crypto regulatory landscape.