This is a major shift. The UK is building a structure to stop market manipulation, insider trading, and wash trading things that have been part of crypto since the beginning.

The part about "eliminating asymmetric information advantages historically weaponized by whales against retail" really stood out. That's the core issue a few large holders can move markets, and retail traders are often left guessing.

If this framework works, it could open the door for institutional money that was waiting for clear rules.

But I wonder will regulation kill what makes crypto unique, or make it stronger?