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The Earl of Devon (CB)

Speaking in the House of Lords on 12 November 2025

Debate

Cryptocurrencies: US Regulation

Contribution

My Lords, at the same time that the US is loosening regulation, as the Minister mentioned, the FCA is midway through its multi-year review of a comprehensive crypto asset regulatory regime. Can the Minister confirm that that review is proceeding in accordance with the published crypto road map? Is there any concern that the crypto sector and the UK’s innovation will be hampered by increased regulation at a time when other jurisdictions are loosening their regulations?

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