While Donald Trump pledges to make the US the “crypto capital of the world” the UK is slipping further behind with outdated Bitcoin regulations, writes Gautam Pillai

Rachel Reeves hasn’t minced words lately in her pursuit of economic growth. She wants to take the regulatory boot off the neck of British businesses and put the UK “at the forefront of digital asset innovation”.

Fine words, but they don’t match the reality. While Donald Trump pledges to make the US the “crypto capital of the world” the UK is slipping further behind.

Take just one example of this: Bitcoin treasury companies (BTCs). As Peel Hunt’s research today shows, a new class of publicly listed companies has emerged to provide investors with equity exposure to Bitcoin. These firms raise capital through equity markets to buy and hold Bitcoin. Bitcoin is no longer a fringe, speculative asset. More than 160 public companies have now adopted a Bitcoin treasury strategy, collectively holding around........

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