The UK crypto industry shifts politically, forging closer ties with the Reform Party

Jinse Finance reported that at the end of July this year, several senior executives from the world's largest digital asset companies gathered in the City of London to hear Zia Yusuf, Policy Director of the far-right political party "Reform UK," articulate his vision for the role of cryptocurrency in the UK's financial industry. According to informed sources, the former Goldman Sachs executive held meetings at the office of lobbying group North Point Strategy with representatives from companies including a major US trading platform. According to two people present, Yusuf fiercely criticized regulators for hindering industry growth during the meeting and promised that under a Reform UK-led government, the cryptocurrency industry would thrive. This meeting marked a turning point in the crypto industry's efforts to forge closer ties with Reform UK. The year before, the industry had successfully pushed for crypto supporter Trump to be elected President of the United States. This move comes against a backdrop of industry disappointment with the current ruling Labour government's slow progress on crypto regulation, despite senior Labour officials having announced measures to boost the sector.