Digital Assets in the UK 2
Digital Asset Markets in the US under the New Trump Administration 2
    Reform of the SEC 2
    Enhanced FIT 21 and clarification of securities treatment 4
    Zero capital gains tax for gains derived from digital assets 4
    Pressure on the banking system to support the digital asset industry 4
    Support for private stablecoins and confirmation that there will be no CBDC 5
What are some of the challenges that the UK faces? 5
What opportunities are there for the UKto enhance its competitive advantage? 6
    Support for clearing of tokenised real-world assets  6
    Establishing a globally competitive digital asset regulatory framework 6
Conclusion 8