How Trump’s Bold Moves Shape Global Cryptocurrency Regulations

Donald Trump's recent supportive stance toward cryptocurrencies marks a pivotal shift in global regulatory attitudes. This contrasts sharply with the UK's longstanding caution, where institutions from regional banks to the Bank of England remain wary.

Bank of England Governor Andrew Bailey reiterated skepticism in a Times interview, dismissing stablecoins in favor of tokenized deposits—a digital proxy for traditional money designed to safeguard banking liquidity. His position as Financial Stability Board chair suggests the UK will resist stablecoin adoption for the foreseeable future, potentially sidelining its role in crypto's evolution.

The divergence between US momentum and UK hesitancy underscores a broader regulatory rift. Where Trump's moves signal openness to innovation, Bailey's warnings highlight persistent concerns about financial stability risks.