The UK will hold a general election on July 4, which may result in the crypto-friendly Conservative Party losing power

ChainCatcher news, the UK will hold an early election on July 4, which may result in the pro-cryptocurrency Conservative Party losing power.

The Conservative Party has stated that it wants the UK to become a crypto hub and has played a significant role in recognizing digital assets as regulated financial services through legislation.

According to the latest polls, the Labour Party is leading in the upcoming election and plans to transform the UK into a tokenization center, supporting the Bank of England's digital pound initiative, but has yet to make a statement on cryptocurrency legislation.