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Judiciary Adviser Calls for English Law to Keep Pace With Crypto: Report
A technology adviser to the head of the judiciary wants an independent body to highlight areas of the law that are not keeping up with disruptive technologies such as crypto.
Updated May 11, 2023, 6:35 p.m. Published Jan 14, 2022, 10:03 a.m.
A technology adviser to the judiciary of England and Wales said there is a need for an organization to keep track of gaps in the law to see where the legal system is failing to keep up with areas such as crypto and blockchain.
- Professor Richard Susskind, who advises the head of the judiciary in England and Wales, has proposed an independent body to highlight areas of the law that are not keeping up with disruptive technologies such as crypto, the Financial Times reported Friday.
- Such a body would also promote English law across the world as a standard for governing blockchain-based transactions.
- Some lawyers are concerned that although English law is the model of choice for finance and insurance, the country's legal sector could lose out to centers such as Singapore and Dubai if it does not keep pace with innovation.
- In 2019, legal services contributed £29.6 billion ($41 billion) to the U.K. economy, according to professional body CityUK.
Read more: How Crypto’s Regulatory Scene Might Evolve in 2022
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Key U.S. Senator on Crypto Bill, Lummis, Negotiating Dicey Points With White House
The Republican lawmaker who is among the core negotiators on the U.S. market structure bill said the White House has rejected some ethics language.
Що варто знати:
- Sen. Cynthia Lummis (R-Wyo.) said she is negotiating with the White House on behalf of Senate Democrats trying to insert ethics provisions into Congress' market structure legislation.
- Lawmakers should reveal a new draft market structure bill by the end of the week and hold a markup hearing next week, she said.
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