🎉Labour Party's landslide victory in the UK general election, folks! 🇬🇧 They didn't mention crypto in their manifesto, but they've previously shown interest in tokenization and the digital pound. 🤔

The Conservatives, who've been in power for 14 years, had a clearer stance on crypto. They wanted the UK to be a crypto hub, enacted crypto legislation, and even had plans for stablecoin rules. 📜

Labour, on the other hand, supports the Bank of England's digital pound plans. The decision to issue this central bank digital currency (CBDC) will be taken in 2025-2026. But first, Parliament needs to approve the legislation. 🏦

In January, Labour released a plan to make the UK a securities tokenization hub. There's room for them to do more, like putting through needed regulations and enhancing guidance on promotional material for the sector. 📈

So, what do you think about Labour's victory and its potential impact on the crypto world? Let's discuss in the comments! 💬 #crypto #UKpolitics #LabourVictory