Stand With Crypto — an advocacy group started by Coinbase — has outlined seven UK crypto policy recommendations before the upcoming general election on July 4.

Stand With Crypto UK launched in London with an event at the House of Commons in May organized by its adviser, former Chancellor of the Exchequer George Osborne, just days before Conservative Prime Minister Rishi Sunak called the election earlier than most expected.

In a manifesto published on Thursday, the crypto advocacy group said the next government should promote the UK as a global web3 and tokenization hub and establish a joint industry-government task force to identify opportunities to position the UK as such.

Stand With Crypto UK recommended swiftly legislating for crypto assets, adhering to the principle of "same risk, …