The political shift in the UK's encryption industry establishes closer ties with the Reform Party.

On October 9, Jin10 reported that in late July this year, several senior executives from the world's largest digital asset companies gathered in London’s financial district to hear Zia Yusuf, policy director of the far-right party “Reform Party UK”, outline his vision for the role of Crypto Assets in the UK financial sector. According to insiders, the former Goldman Sachs executive held talks with representatives from companies including the US trading platforms Coinbase and Kraken at the offices of the lobbying group North Point Strategy. Two attendees stated that Yusuf harshly criticized regulatory bodies for hindering the industry's rise and promised that under a government led by the Reform Party, the Crypto Assets industry would thrive. This meeting marks a turning point for the Crypto Assets industry in its efforts to establish closer ties with the Reform Party UK. The previous year, the industry successfully pushed for the election of Crypto Assets supporter Trump as US President. This action is set against the backdrop of the industry's disappointment with the ruling Labour government's slow progress on Crypto Assets regulation, despite announcements of measures to boost the industry from senior Labour officials.