they’re claiming international coordination. Yep, talks with the U.S. officials, even a *cross-border crypto sandbox* thing with SEC Commissioner Hester Peirce. Because why not add a sandbox to your regulatory tool kit? The idea? Innovation, but also making sure people don’t lose all their money to the next Ponzi scheme.
And, just in case you missed it, the UK government also made it clear: “We’re open for business, but closed to fraud, abuse, and instability.” Sure, okay, let’s see how long that lasts. They’ll bring the final legislation after “industry feedback.” Sure, take your time. It’s only the future of digital finance we’re talking about here.
Toward a Global Crypto Hub
The Treasury, in their infinite wisdom, reiterated that the UK wants to be a *leading global hub* for digital assets. Which is nice, but it’s basically a repeat of what the Conservative-led administration said before. Just a little more ‘hey, we still want to be relevant’ energy. So, yeah, they’re still aiming to control trading, stablecoin issuance, and exchanges. This latest draft is a step closer to actually getting it done. I guess?
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2025-04-29 22:55