Golden Finance reported that on July 4, the British Labour Party won the general election, winning 412 seats in the House of Commons, and Keir Starmer will become the new prime minister. The cryptocurrency industry hopes that the new government will continue existing policies and promote innovation and growth. Bivu Das, managing director of Kraken UK, said that despite political changes, the cryptocurrency industry is expected to "operate as usual." CryptoUK called on the new government to prioritize clear and proactive policy making.