{"id":254188,"date":"2025-11-10T03:11:07","date_gmt":"2025-11-10T03:11:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/254188\/"},"modified":"2025-11-10T03:11:07","modified_gmt":"2025-11-10T03:11:07","slug":"britains-trump-inspired-u-turn-on-crypto-politico","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/254188\/","title":{"rendered":"Britain\u2019s Trump-inspired U-turn on crypto\u00a0 \u2013 POLITICO"},"content":{"rendered":"<p>That\u2019s in stark contrast to the U.S., which passed its own stablecoin regulation \u2014 <a href=\"https:\/\/www.politico.com\/news\/2025\/07\/18\/trump-signs-landmark-crypto-bill-into-law-00463366\" target=\"_blank\" rel=\"nofollow noopener\">the GENIUS act<\/a> \u2014 earlier this year, which is much more industry-friendly. Donald Trump, whose family is building its own crypto empire, has described stablecoins as \u201cperhaps the greatest revolution in financial technology since the birth of the Internet itself.\u201d\u00a0<\/p>\n<p>That\u2019s put post-Brexit Britain in a bind: align with the EU, the U.S., or go it alone?\u00a0<\/p>\n<p>\u201cThe U.K. is a bit caught,\u201d a former Bank of England official who now works in digital assets said. They were granted anonymity, like others in this article, to speak freely. \u201cIt doesn\u2019t have the luxury of completely creating a bespoke regime. It can do, but essentially, no one\u2019s going to care.\u201d<\/p>\n<p>American push<\/p>\n<p>For a Labour government intent on deregulating for growth, aligning with the U.S. was immediately a more attractive proposition.\u00a0<\/p>\n<p>Warnings came from the City of London, Britain\u2019s financial powerhouse, that the government would need to embrace crypto and stablecoin for the U.K. to become a global player. Domestic financial services firms wrote to the government calling for it to align its regime with the U.S., talking up \u201conce-in-a-generation opportunity\u201d to establish the future rules for digital assets.\u00a0\u00a0<\/p>\n<p>\u201cSecurities are getting tokenized,\u201d said one former Treasury official, now working in the private sector. \u201cBank deposits are getting tokenized. If we don\u2019t build a regime that is permissive enough [to make the U.K. attractive], then the City\u2019s relevance will diminish as a consequence.\u201d\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"That\u2019s in stark contrast to the U.S., which passed its own stablecoin regulation \u2014 the GENIUS act \u2014&hellip;\n","protected":false},"author":2,"featured_media":254189,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[41129,92203,894,816,2793,4621,4625,8063,1109,46246,141,1346,42611,5497,11700,59,57,58,2923,555,2453,6235,467,35826,50,633,468,1445,306,2023,89529,77271,1352,472,56,54,158,55],"class_list":["post-254188","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-kingdom","tag-andrew-bailey","tag-anti-money-laundering","tag-banks","tag-borders","tag-buildings","tag-central-banks","tag-currency","tag-development","tag-digital","tag-digital-currencies","tag-donald-trump","tag-financial-services","tag-financial-stability","tag-financial-technology","tag-fintech","tag-gb","tag-great-britain","tag-greatbritain","tag-growth","tag-industry","tag-innovation","tag-lobbying","tag-markets","tag-missions","tag-news","tag-nigel-farage","tag-payments","tag-rachel-reeves","tag-regulation","tag-retail","tag-roundtable","tag-sarah-breeden","tag-services","tag-stability","tag-uk","tag-united-kingdom","tag-united-states","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/254188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=254188"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/254188\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/254189"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=254188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=254188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=254188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}