The United Kingdom’s Financial Conduct Authority (FCA) is ready to overturn its ban on cryptocurrency exchange-traded notes (ETNs) for retail investors, a move that signals a broader acceptance of digital currencies worldwide. Initially, the FCA had prohibited ETNs back in January 2021 due to their volatility and complexity for average investors. But as global enthusiasm for cryptocurrencies grows, the UK is keen not to be left out. This article sheds light on the UK’s decision on ETNs, forthcoming pro-crypto legislation in the US, and the top cryptocurrencies to consider now amidst these developments.
For those unfamiliar, an ETN is a debt security instrument offered by reputable institutions. The value of an ETN is linked to an underlying asset, in this case, a specific cryptocurrency. As the price of the underlying asset rises, so does the ETN, and vice versa.
Crypto ownership in the UK has seen an increase from 18% in 2024 to 24% in 2025, surpassing that of the US. This growth demands a robust regulatory framework to govern the ownership and usage of digital assets in the country. Meanwhile, in the US, the GENIUS Act, aimed at regulating various aspects of stablecoins, is expected to go for a floor vote soon.
With a more crypto-friendly regulatory environment, the market is set to thrive. Bitcoin recently hit an all-time high of $112K, and with positive legislative support, it might soon reach $150K. Here are some altcoins to consider for investment:
- Snorter Token ($SNORT) – This Telegram-native trading bot is designed to buy the best meme coins as soon as they’re launched. With the increasing crypto adoption, meme coins like Snorter Token could see significant growth.
- BTC Bull Token ($BTCBULL) – This Bitcoin-themed meme coin offers free Bitcoin airdrops, allowing investors to benefit from Bitcoin’s anticipated bull run at a fraction of the cost.
- KoKoK The Roach ($KOKOK) – This new meme coin has shown considerable potential since its launch at the end of May. Despite its ‘disgusting’ theme, it has become a force to be reckoned with in the crypto space.
However, despite the market’s bullish outlook due to pro-crypto regulatory reforms, the inherent unpredictability and volatility of the crypto market call for diligent research before investing. This article is informational and should not be taken as financial advice.
