The Bank of England is finally backing away from its earlier proposal to restrict individuals from holding more than £20,000 in stablecoins. It is also reconsidering the requirement for issuers to hold 40% of reserve assets in zero-yield central bank accounts following industry backlash. This is a great example of our industry pushing for better outcomes. It’s also a significant acknowledgment from the Bank of England, which has historically been difficult to convince. The BoE also appears to recognize the growing competitive pressure from the US, which is exactly the kind of mindset needed to shape stronger and more forward-looking policy in the UK.(Stani)