Crypto Industry Fights Back: Major Push Against Bank of England’s Stablecoin Ownership Caps

Regulatory showdown intensifies as digital asset firms challenge proposed restrictions

The Bank of England wants to cap your stablecoin holdings—and the crypto industry isn't having it. Major players are mounting coordinated opposition against what they call 'innovation-stifling' proposals that would limit how much stablecoin exposure any single entity can hold.

Industry leaders argue these caps would cripple institutional adoption just as mainstream finance finally warms to digital assets. They're pushing for more nuanced approaches that protect consumers without strangling growth.

Meanwhile, traditional bankers—who've been wrong about crypto for a decade—suddenly become experts on what's best for the space. Typical.

This battle isn't just about ownership limits—it's about who gets to shape the future of money. And the crypto industry isn't backing down without a fight.