Odaily News Industry stakeholders say the UK general election will not derail the country's progress in regulating the crypto industry. The election date has not yet been announced, but it is expected to be held in the country this year. The ruling Conservative Party has been in power for nearly 14 years and has introduced a series of crypto measures since it was first elected in May 2010. The party plans to make the country a cryptocurrency hub in 2022 and has since introduced a Markets Bill that would enable cryptocurrencies to be regulated as a financial activity by the Financial Conduct Authority (FCA). Now, the Conservatives have pledged to introduce legislation for stablecoins and investments in the coming weeks - before the next election. Many believe this is a realistic goal. Adam Jackson, policy director at Innovate Finance, said in an interview that the country needs secondary legislation to formally empower the FCA to regulate cryptocurrencies, including stablecoins. "The government has said they will do it," Jackson said, "and we haven't heard why that's not feasible. So all things being equal, they should have these powers before the national election." (CoinDesk)