Bitcoin (CRYPTO: BTC) may face its biggest political stress test yet in 2028 when President Donald Trump leaves office and the pro-crypto administration that empowered the industry comes to an end.Trump's Political Premium Drives Crypto ConfidenceCrypto's identity has become deeply connected to Trump's leadership. Polls in 2025 showed that 73% of U.S. crypto investors backed his digital asset policies, underscoring how much sentiment now hinges on his political survival. Trump cannot remain in office after ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The launch of spot XRP exchange-traded funds would mark a watershed moment for the U.S. cryptocurrency industry, NovaDius Wealth Management President Nate Geraci says. Geraci said Monday on X that the launch of spot XRP ETFs would be the “final nail in coffin of previous anti-crypto regulators.” Geraci’s remarks come as XRP ETFs are expected to launch this month following updates to registration statement ...

America’s community banks want regulators to kill Coinbase’s banking dreams. On Monday, the Independent Community Bankers of America urged the Office of the Comptroller of the Currency to reject Coinbase’s application for national trust bank charter, arguing the exchange has “demonstrably flawed risk and control functions” and operates under governance that “prevents independent oversight.” The 12-page letter attacks Coinbase’s plan to launch its Coinbase National Trust Company on multiple fronts: legal ...

China’s central bank has issued one of its strongest warnings yet against stablecoins, calling them a threat to global financial stability and vowing to tighten its crackdown on domestic cryptocurrency activities. Speaking at the 2025 Financial Street Annual Meeting in Beijing, Pan Gongsheng, governor of the People’s Bank of China (PBoC), said that stablecoins, digital assets pegged to fiat currencies like the U.S. dollar, have created new vulnerabilities in the global financial system and could undermine ...

President Donald Trump on Thursday pardoned convicted billionaire crypto executive Changpeng Zhao, the co-founder of Binance, in a step that showcased the ongoing retreat of the federal government on crypto regulation and enforcement. In late 2023, Zhao pled guilty to violating anti-money laundering laws following a three-year investigation by the Justice Department. He stepped down from serving as Binance's chief executive, though Zhao maintained a controlling stake in the crypto trading firm. The most ...

Core Viewpoint - UK regulators have initiated legal action against HTX, a cryptocurrency exchange linked to Justin Sun, as part of efforts to regulate unlawful crypto promotions targeting UK consumers [1][2]. Regulatory Actions - The Financial Conduct Authority (FCA) filed a civil lawsuit against HTX in London's High Court, claiming the exchange promoted crypto services to UK consumers without proper authorization [1][3]. - The FCA's action is aimed at protecting consumers and maintaining trust in the UK financial system, highlighting the increasing scrutiny on foreign crypto exchanges targeting UK customers [2][4]. Compliance and Legal Framework - The case is connected to breaches of the UK financial promotions regime introduced in 2023, which requires crypto companies to meet stringent requirements before advertising to UK customers [3][5]. - The FCA had previously warned HTX in October 2023, adding it to a list of unauthorized companies potentially targeting UK customers [5]. Market Impact - The lawsuit adds to Justin Sun's legal challenges, as he is already facing a lawsuit from the SEC in the United States for allegedly selling unregistered securities and engaging in wash trading [7]. - The market reaction to the lawsuit saw Tron's token, TRX, trading near $0.32, with a market capitalization around $30 billion, maintaining its position among the top ten digital assets [6].

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are up on Monday after the U.K.'s Financial Conduct Authority lifted its four-year retail ban on crypto exchange-traded notes, allowing 21Shares, Bitwise, and WisdomTree to open access to British investors.FCA Opens Doors To Retail InvestorsThe move marks a milestone for U.K. digital asset regulation, expanding access to physically backed Bitcoin and Ethereum exchange-traded products (ETPs) beyond institutional buyers.Asset managers 21Shares, Bitwise, and Wis ...

LONDON (Reuters) -Any stablecoin that becomes widely used as a means of payment in Britain needs to be regulated like money in a standard bank, Bank of England Governor Andrew Bailey said on Wednesday, meaning it would need depositor protections and access to BoE reserve facilities. The comments made in an article in the Financial Times newspaper represent a slight shift in tone by Bailey, a long-standing sceptic of cryptocurrencies. He said it would be "wrong to be against stablecoins as a matter of p ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The financial world’s most powerful partnership just got a major upgrade. The UK and the U.S. are launching a joint taskforce to eliminate red tape for companies accessing capital markets on both sides of the Atlantic—with cryptocurrency cooperation taking center stage in what could reshape global digital finance. The Transatlantic Taskforce for Markets of the Future will have 180 days to deliver concrete ...

The UK’s Financial Conduct Authority has reduced the time it takes to approve crypto registration applications by 69% since 2023, although data from the regulator also show that there has been a 43.5% decline in applications over the past two years. The FCA has released the data following a freedom of information request from London-based international law firm Reed Smith, which sought clarification on the number of applications sent by cryptoasset service providers (such as exchanges) since the 22/23 fin ...