Tether Tests U.S. Compliance Environment, UK regulators plan for the future of cryptocurrencies

The UK is advancing its crypto assets regulatory framework with a focus on stablecoins, and its draft terms will be open to public review until May 2025. The Financial Conduct Authority (FCA) and the Bank of England have proposed rules for stablecoin issuance and system payment systems, seeking feedback by February 2024. Tether has launched USA₮, a US-regulated stablecoin issued by Anchorage Digital, backed by transparent reserves and regulated by Cantor Fitzgerald. Bitcoin hit an all-time high of $124,171 in July 2025 and is expected to reach $160,000 by the end of the year, affected by ETF approval and macroeconomic factors. The Fed may cut interest rates in September, with a 25 basis point cut, which may drive Bitcoin price to rise by 3-5% in the short term.