Stablecoin rules in the UK are being finalized, and are at risk of preventing the UK from being globally competitive in the digital economy.
For example, the Bank of England is proposing a cap on stablecoin holdings for individuals and businesses.
The UK has a long history of being a financial hub. Embracing and encouraging innovation, especially when other countries are moving fast here, is important for maintaining that. The current direction of the rules does the opposite, and will act as an innovation blocker.
If you're from the UK you can sign the petition by @StandWCrypto_UK to set out a pro-innovation strategy for blockchain and stablecoins. Link below.
Today @USTreasury and the @IRSnews issued new guidance giving crypto exchange-traded products (ETPs) a clear path to stake digital assets and share staking rewards with their retail investors.
This move increases investor benefits, boosts innovation, and keeps America the global leader in digital asset and blockchain technology.
#RachelReeves is preparing the biggest tax grab in recent #UK history.
Calling it “responsible policy.”
But let's be real…
Higher #taxes. Bigger state. Less freedom.
That’s the start of centralised economic control.
We know how that ends...
#Liebour#JeremyVine#politics
3/3
This is the liquidity that hits markets.
This is what moves #Bitcoin.
Most #traders follow headlines.
Smart traders follow flows.
Stop #charting money supply.
Start charting usable liquidity.
If you understand this, you're already ahead of 99% of #macro
1/3
Everyone keeps posting the M2 chart like it still drives markets.
It doesn’t.
M2 tells you how much money exists, not how much money is actually flowing into assets.
That’s why #Bitcoin stopped tracking it.
2/3
We’re in a new regime:
#Liquidity isn’t the size of the bucket.
Liquidity is the water that's actually moving.
The real drivers now are:
🏦 #BankReserves
🏛️ #Treasury spending (TGA ↓)
💧 #RRP drain
🪙 #Stablecoin expansion
🚨JUST IN: JP Morgan CEO Jamie Dimon publicly admits he was wrong and that crypto is “REAL”.
Sitting next to the CEO of BlackRock.
TradFi spent a decade dismissing crypto now they’re integrating it.
The tide has officially turned.
The future is @tokenised
1/12
Will #Uptober end in the Red?
Not mania.
Not capitulation.
We're in the transition zone:
between tightening and expansion,
between fear and fuel,
between macro stress and policy support.
This is what it means and what comes next...
#cryptonews#bitcoin#MarketUpdate