Coinbase CEO Advocates for UK Crypto Leadership in High-Level Regulatory Talks
Coinbase CEO Brian Armstrong recently held discussions with senior UK policymakers at 10 Downing Street, emphasizing the exchange''s commitment to advancing Britain''s position as a global cryptocurrency hub. This high-profile engagement highlights growing institutional interest in shaping the UK''s digital asset regulatory framework, with Armstrong publicly expressing optimism about the country''s potential through his "Bullish on Britain" statement. The talks coincide with Coinbase''s ongoing efforts to secure its Virtual Asset Service Provider (VASP) registration in the UK, signaling a strategic expansion into what may become one of the world''s most progressive crypto jurisdictions. As of June 2025, this development marks a significant moment in the maturation of cryptocurrency regulation, with major exchanges actively participating in policy formation to create balanced frameworks that foster innovation while ensuring consumer protection.
Coinbase CEO Engages UK Policymakers to Advance Crypto Regulatory Framework
Coinbase CEO Brian Armstrong met with senior UK officials at 10 Downing Street, signaling strong institutional interest in shaping the country''s cryptocurrency regulations. The engagement underscores a strategic pivot toward the UK as a potential hub for digital asset innovation.
Armstrong''s public endorsement of Britain''s regulatory potential—"Bullish on Britain"—comes as Coinbase secures its VIRTUAL Asset Service Provider registration in the UK market. This positions the exchange among the vanguard of compliant crypto operators in a jurisdiction increasingly viewed as favorable to blockchain enterprises.
The UK government''s proactive stance on crypto legislation appears to be attracting global industry leaders. Recent regulatory developments suggest a deliberate effort to balance innovation with oversight, creating fertile ground for established players like Coinbase to expand their European foothold.
Arthur Hayes Warns of Risks in Stablecoin-Linked IPOs, Highlights Circle and Coinbase Dynamics
Arthur Hayes, a prominent crypto analyst, has issued a stark warning about the valuation and risks associated with stablecoin-related IPOs, particularly focusing on Circle. Despite Circle''s position as the second-largest stablecoin issuer by assets under custody, Hayes argues its market capitalization—representing 39% of Coinbase''s valuation—is overinflated. This comes as Circle pays half its interest income to Coinbase under a revenue-sharing agreement.
The analysis draws sharp contrasts between Circle''s single-product focus and Coinbase''s diversified financial services ecosystem. Hayes notes Coinbase''s global reach, multiple revenue streams, and maturity as a platform make it a more robust investment, though he cautions against shorting Circle despite fundamental concerns.
A wave of Circle-inspired stablecoin IPOs is anticipated, but Hayes emphasizes distribution barriers will likely prevent new entrants from achieving meaningful scale. The warning underscores the speculative nature of stablecoin-centric business models in public markets.
Ubyx Secures $10M Seed Funding to Build Global Stablecoin Network Amid GENIUS Act Progress
Ubyx Inc., a stablecoin infrastructure startup founded by former Citigroup executive Tony McLaughlin, has raised $10 million in seed funding to develop a global clearing system for digital currencies. The round was led by Galaxy Ventures, with participation from Peter Thiel’s Founders Fund, Coinbase Ventures, Paxos, and VanEck, among others. The company aims to launch its network by year-end.
The startup seeks to address fragmentation in the stablecoin market by creating a unified acceptance network akin to Visa or Mastercard’s payment systems. This WOULD enable banks—even smaller ones—to issue and accept stablecoins without building proprietary infrastructure. "This would allow people to present stablecoins at a bank and receive equivalent credit in their accounts," McLaughlin explained.
Ubyx will support multiple blockchains including solana (SOL), Base, Canton, and the XRP Ledger (XRP), while also accommodating tokenized deposits and central bank digital currencies. The funding coincides with the U.S. Senate’s advancement of the GENIUS Act, signaling growing regulatory traction for stablecoin frameworks.
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Bitcoin holds steady above $105,000 despite geopolitical tensions in the Middle East, demonstrating resilience in the crypto market. Regulatory developments in the EU and Vietnam signal growing institutional acceptance, with Coinbase and Gemini potentially gaining EU-wide licenses under MiCA framework.
Vietnam''s new Digital Technology Law, effective next year, establishes a legal framework for crypto assets. These advancements reflect a global push toward Web3 adoption and regulatory clarity, bolstered by ongoing SEC support for the industry.
Market sentiment remains cautious as the Crypto Fear & Greed Index returns to neutral territory. Recent Israel-Iran conflicts have contributed to this uncertainty, though the underlying bullish momentum appears intact.
