🇬🇧 Reform UK's Richard Tice lobbied the Bank of England for 'light touch' stablecoin rules after a £9M crypto donation
Letters released by the Bank of England show Reform UK deputy leader Richard Tice wrote to top officials in November and December 2025 urging a "light touch" approach to stablecoins, warning the UK was falling behind the US and its GENIUS Act. The first letter came four months after Reform received a £9M donation from crypto investor Christopher Harborne, who reportedly owns about 12% of Tether. There is no suggestion Harborne asked Tice to write, and Tice says it reflects his long-standing push for financial deregulation. The Bank replied that it supports stablecoins and is already building a regime to let the sector grow.
⭐ The UK is still writing its detailed stablecoin rules ahead of new crypto laws in 2027, and scrutiny of crypto money in politics could shape how friendly that regime ends up being.
#Stablecoins #UK #Tether #CryptoRegulation
Letters released by the Bank of England show Reform UK deputy leader Richard Tice wrote to top officials in November and December 2025 urging a "light touch" approach to stablecoins, warning the UK was falling behind the US and its GENIUS Act. The first letter came four months after Reform received a £9M donation from crypto investor Christopher Harborne, who reportedly owns about 12% of Tether. There is no suggestion Harborne asked Tice to write, and Tice says it reflects his long-standing push for financial deregulation. The Bank replied that it supports stablecoins and is already building a regime to let the sector grow.
⭐ The UK is still writing its detailed stablecoin rules ahead of new crypto laws in 2027, and scrutiny of crypto money in politics could shape how friendly that regime ends up being.
#Stablecoins #UK #Tether #CryptoRegulation
