ChainCatcher reported that according to Cointelegraph, the British Labour Party won the general election recently and Keir Starmer will become the new prime minister. The local cryptocurrency industry hopes that the new government will continue the existing policies to promote innovation and growth.

Bivu Das, managing director of Kraken UK, said, "Obviously, the political landscape in the UK has changed, but for the cryptocurrency (industry), we think everything will continue as usual. The new government has the opportunity to continue to promote innovation and growth in this emerging asset class and consolidate the UK's position as a leading jurisdiction for blockchain innovation."