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UK Set to Disclose Plans for Regulating Crypto in Coming Weeks: CNBC
Like the EU's framework for crypto assets that is currently making its way through the legislative process, the U.K.'s regulatory efforts may also focus heavily on stablecoins.
Updated May 11, 2023, 5:57 p.m. Published Mar 27, 2022, 3:51 p.m.
The U.K. government is set to reveal its plans for regulating the crypto industry in the coming weeks, according to CNBC.
- Although details are still being finalized, the regulatory regime will focus heavily on stablecoins, which are cryptocurrencies fixed to the value of other assets, CNBC reported Sunday citing unnamed sources.
- The U.K. Treasury Department has discussed the upcoming regulatory package with multiple crypto firms including Gemini, the issuer of stablecoin , which is pegged to the U.S. dollar, according to the report.
- The European Union’s landmark regulatory framework for crypto assets, currently moving through the bloc’s complex legislative process, also has a heavy emphasis on oversight into stablecoins.
- The U.S. Congress is also working on specific regulations for stablecoins over potential risks these private cryptocurrencies may pose to financial stability.
- On Thursday, U.K. regulators published a report voicing concerns about how crypto adoption poses financial risks.
- Rishi Sunak, Britain’s finance minister, is set to announce the U.K. government’s regulatory plans for crypto in the coming weeks, according to the report.
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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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Binance Overhauls Stablecoin Trading with Trump-Linked USD1
The exchange is adding new USD1 trading pairs and replaces BUSD collateral with the token.
What to know:
- Binance is expanding the use of World Liberty Financial's USD1 stablecoin on its platform.
- New trading pairs BNB/USD1, ETH/USD1, and SOL/USD1 will be available, and Binance will convert BUSD reserves to USD1.
- World Liberty Financial is a digital assets platform with close ties to the Trump family.
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