The Labour Party, which is expected to win the upcoming general election, has yet to take a clear stance on digital assets. Laura Navaratnam, head of UK policy at the Innovation Crypto Council, said the new government needs to act quickly to ensure that the UK's leadership in global crypto innovation is not undermined. The crypto ecosystem in the UK has grown steadily over the past 15 years under the support of a Conservative government. Former Treasury Economic Secretary John Glen and his successors Andrew Griffith and Bim Afolami have pledged to make the UK a global hub for crypto-asset technology. Navaratnam advised the new government to focus immediately on stablecoin regulation, regulatory clarity on staking, and guidance on financial promotion. Moreover, she warned that if the new government did not act quickly, the UK would lose its global innovation leadership.