UK Millennials, Gen Z Eye Crypto's Future as Elections Loom

A poll reveals that British voters aged 18–34 are anxious about the future of cryptocurrency, emphasizing the need for election candidates to address this issue.

Young Voters Express Crypto Concerns

Cointelegraph reveals that just over a third of 3,124 British individuals (aged 18–34) expressed worry about the long-term viability of cryptocurrency in a poll conducted by digital asset platform Zumo from June 7–11. A similar proportion felt that policymakers in the United Kingdom should take the industry's expansion into account.

Some crypto-friendly MPs "standing down" (i.e., quitting the government after the election), according to the poll, may have contributed to this view. Lisa Cameron, a member of parliament for East Kilbride, Strathaven and Lesmahagow who has been vocal in her support for cryptocurrency regulations, announced her intention to not run in the upcoming general election in October.

The first steps toward establishing a regulatory framework for cryptocurrencies were scheduled to take place in July, and they were initiated by the Conservative government, which is led by Prime Minister Rishi Sunak.

Awaiting Labour's Position on Crypto

Nevertheless, these preparations could be postponed or altered due to the uncertainties brought up by the scheduling of the election. Because the Labour Party—which could form the next government—has not yet stated its position on cryprtocurrency, the changeover could be pivotal.

Fostering an environment that is pro-innovation for blockchain technologies has previously had the support of both the Conservative and Labour parties.

However, the crypto community is still looking for more concrete promises since their goals are vague. Some crypto CEOs have taken to meeting with Labour authorities in an effort to shape future policies as a result of this.

There is both optimism and apprehension among stakeholders regarding the Labour Party's possible control of the government.

Coingape reports that meetings with shadow officials like Tulip Siddiq and Rachel Reeves demonstrate the industry's initiative to pursue a regulatory climate that meets its needs. As they wait for political signs of potential legislative shifts, the crypto community maintains a state of constant vigilance.

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