News View Non-AMP

Ripple Says UK Crypto Regulation Could Unlock Massive Growth

Published by
Debashree Patra

As the UK government unveils its draft crypto regulation, Ripple is positioning itself to seize what it sees as a massive opportunity in the British market. 

Cassie Craddock, Ripple’s Managing Director for the UK and Europe, says the new proposals reflect the country’s “huge potential” to become a global leader in crypto — especially with its “second-mover advantage.”

Ripple Backs the UK’s Regulatory Direction

Craddock expressed strong support for the UK’s approach to crypto oversight, calling the draft legislation both “flexible” and “globally competitive.” She noted that Ripple already operates one of its largest international offices in London, underlining the company’s confidence in the region’s long-term potential.

Craddock added that while countries like the US, Singapore, and the EU have made earlier regulatory moves, the UK could catch up — and even surpass them — if it delivers the right framework for innovation.

“There’s a huge opportunity for the UK here,” Craddock said. “If done right, the country can become a globally competitive crypto market.”

Ripple XRP News Highlights Industry Split

While Ripple remains optimistic, others in the crypto industry are sounding the alarm. Critics argue that the UK’s regulatory direction, while promising, still lacks clarity. Coinbase UK’s Head, Keith Grose in an interview with CNBC, warned that without solid, supportive rules, the UK risks losing its edge — and potentially its startups — to more crypto-friendly jurisdictions.

“The UK has the potential,” Grose noted, “but there’s a real risk of driving innovation elsewhere if the government doesn’t move quickly.”

Stablecoin Rules Still in Limbo

One of the biggest hurdles? Stablecoins. Mark Fairless of ClearBank told CNBC that although the bank is eager to launch its own stablecoin, they’re unable to proceed due to vague and incomplete guidance. Industry leaders believe meaningful progress might be stalled until the Bank of England releases a clear framework — which could take years.

Crypto Startups Still Face Banking Trouble

Another major challenge is access to banking. A survey showed that half of UK crypto firms were denied or lost bank accounts. Keith Grose says this makes it tough for businesses to grow. Without proper banking support, he warns, the UK could lose out on becoming a real crypto hub.

Overall, Ripple stays hopeful, but the message is clear: smart, clear rules are key if the UK wants to lead in crypto.

FAQs

What is Ripple’s stance on the UK’s crypto regulation?

Ripple sees it as a major opportunity and supports the draft legislation’s flexible, innovation-friendly approach.

Why are other crypto firms worried about the UK’s rules?

Many feel the regulations are still vague and may drive companies to more supportive regions like the US or Singapore.

What’s holding back stablecoin innovation in the UK?

Unclear regulatory guidance is preventing companies like ClearBank from launching stablecoins.

Are UK crypto startups struggling with banking access?

Yes, over half of them have faced account closures or rejections from traditional banks.

Could the UK still become a global crypto hub?

Yes — but only if it delivers clear, supportive regulations and addresses banking barriers quickly.

Debashree Patra

Fun-loving and cheerful, a passionate blockchain and crypto writer who knows no boundary…connect if you share the same passion. With 10+ years of writing experience, I am a Crypto Journalist by chance, exploring, and learning all the dynamics of the sci-fi action-filled crypto world. Currently, focusing on cryptocurrency news and price data. With a passion for research and challenging my capabilities, I am slowly getting into the crypto arena to bring new insights every day.

Recent Posts

Morgan Stanley Crypto Trading Coming to ETrade

Imagine buying Bitcoin or Ethereum just like you buy stocks on your regular trading app.…

May 1, 2025

Crypto News Today : Bitcoin Price USD, Morgan Stanley Crypto, Ethereum Price, Dow Jones Today

May 1, 2025 12:07:25 UTC Eric Trump Confirms USD1 Stablecoin Chosen for MGX’s $2B Binance…

May 1, 2025

Elon Musk Slams WSJ Over “False” CEO Exit Rumors – Crypto Leaders Rally

Elon Musk isn’t holding back. The Tesla CEO has blasted The Wall Street Journal (WSJ)…

May 1, 2025

SUI Price Breaking Out, May Reach $4 – Will SEI Price Follow the Trend?

As the Bitcoin price marches beyond $96,000, Ethereum and all the other altcoins have also…

May 1, 2025

Bitcoin Solaris Solves Ethereum’s Gas Fee Problem: New Protocol Could Generate 50x Returns for Early Investors

Ethereum revolutionized blockchain with smart contracts and decentralized apps, but it came with one major…

May 1, 2025

Crypto Market Outlook MAY 2025: Key Events to Watch, Upgrades, Unlocks & Regulations

The crypto world is buzzing this May 2025 — from major token unlocks and protocol…

May 1, 2025