New U.K. Chancellor of the Exchequer Rachel Reeves met with big tech companies on Wednesday to discuss how to boost economic growth through technology, Wu reported. Sriram Krishnan, general partner at Andreessen Horowitz, attended the meeting, where discussions covered the potential economic impact of artificial intelligence and blockchain technology.

KPMG UK head of crypto and digital assets said: "Unlike the United States, this is not a political issue, but a technical issue." The Labour Party plans to make the UK a "global securities tokenization center" and formulate a corresponding regulatory system. The Labour Party also plans to work with fintech companies to promote the issuance of stablecoins.