U.S. DeFi Advocacy Group Pushes UK FCA for Clear Crypto Regulation Based on 'Unilateral Control'

A leading U.S.-based decentralized finance (DeFi) advocacy organization has formally called on the United Kingdom's Financial Conduct Authority (FCA) to establish cryptocurrency regulatory frameworks centered on the principle of 'unilateral control'. This approach seeks to provide regulatory clarity by focusing on who has definitive control over digital assets, a move seen as crucial for fostering innovation while ensuring consumer protection in the rapidly evolving crypto market. The proposal aims to distinguish between different types of crypto activities and assets, potentially creating a more tailored and effective regulatory environment for DeFi and broader crypto operations within the UK jurisdiction.