British Cabinet Office Minister Pat McFadden has questioned the political donations made in Crypto. According to a Guardian report issued on July 18, 2025, McFadden, an intimate ally of British Prime Minister Kiel Starmer, said, “While democracy funding is often a controversial area, I think it’s very important to know who is providing donations.

British Cabinet Office Minister Pat McFadden has called for election officials to consider banning political donations made in digital currency. #crypto #UKhttps://t.co/qhoremm5hg

– cryptonews.com (@cryptones) July 18, 2025

Important discussions about crypto regulations have been cleaned up in both the UK and the US. In the US, President Donald Trump has announced that he will accept code donations. In fact, Thumzup Media Corporation, a Donald Trump JR-backed advertising technology startup, has secured board approval to hold up to $250 million in crypto. Meanwhile, the UK government is taking steps to “protect democracy.”

“Protection of democracy is one of the government’s most important duties. The increased risk that crypto donations, and crypto will be used to lead to British politics, is a clear and current danger to democratic integrity,” said Tom Brake, director of the Unlocked Democracy Campaign Group.

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Crypto companies collect user data from 2026, with large fines for false reports

The UK is implementing serial crypto reforms through HM Revenue and Customs (HMRC). The UK government has introduced another drastic regulatory move driven by the adoption of the Economic Co-operation and Development Organization (OECD) Crypto Asset Reporting Framework (CARF). Starting January 1, 2026, all cryptographic companies must collect and disclose detailed user and transactional data.

“If you are offering CryptoAsset services in the UK starting January 1, 2026, you will have a new responsibility to collect and report data. HMRC” said the May 14, 2025 announcement.

All CryptoAsset service providers (both domestic and foreign platforms that serve UK clients) are required to collect and report extensive information about all users and all transactions. This includes address, country of residence, national insurance number, unique taxpayer references, and more.

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It is set to prohibit Crypto purchases with credit cards and loans

If you are using a credit card to purchase Crypto in the UK, it may be numbered on that day. The Financial Conduct Authority (FCA) has officially proposed rules to prevent retail investors from using borrowed funds to purchase cryptocurrency. This includes credit cards, personal loans, and even loans from crypto-specific lenders. However, some crypto users are worried that the UK ban will block innovation and limit access to the market.

The move is part of a broader effort to protect consumers from acquiring debts that chase unstable digital assets. And as more people are jumping into the code with money they don’t actually have, the UK’s top financial watchdogs are ringing their alarms.

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Today, the US Senate Bank’s Subcommittee on Digital Assets held a hearing titled “Exploring a Bipartisan Legislative Framework for the Digital Asset Market Structure.”

(Spoiler alert: The word “Bitcoin” never appeared at the hearing. That said, Bitcoin is subject to some of the cryptographic regulations discussed at the hearing. Therefore, as a Bitcoin enthusiast, it is important to understand what has been said. )

The hearing came after Senators Cynthia Ramis (R-WY), Tom Tillis (R-NC), Bill Hagerty (R-TN) and Senate Bank Speaker Tim Scott (R-SC) issued the principles of digital asset market structure this morning. (See the complete list of principles here.)

Senator Ramis began it by moderating the event and touching on some of the aforementioned principles, adding that the United States is taking part in the 21st century now that the Senate has voted for a genius act.

Senators were joined by a panel of witnesses including Senators Bill Hagerty (R-TN), Bernie Moreno (R-OH), Angela of Brooks (D-MD), Dave McCormack (R-PA), and a panel of witnesses:

• Sarah Hammer, Executive Director, Wharton School, University of Pennsylvania
• Greg Zesalis, advisor to Multicoin Capital and member of the Board of Directors of the Blockchain Association and the Debt Education Fund.
• Ryan Vanglak, Coinbase vice president of legal affairs
• The prestigious Rostin Boehnham is a well-known fellow at Georgetown University’s Psoros Financial Market Policy Center and former chairman of the US Commodity Futures Trading Commission (CFTC).

Fighting illegal activities in the crypto space

In the first round from Senator Ramis, both Behnam and Hammer highlighted the importance of fighting illegal activities involving digital assets through clear money laundering and counter-terrorism funding rules, but neither of them detailed what this would look like.

When Senator Ramis asked Hammer which countries should the US be aware of when it comes to regulating Crypto’s anti-terrorist funding, Hammer cited Singapore.

Before stepping down from the topic of fighting illegal cryptographic activity, Behnam argued that it would give more space to offensive stakeholders for operations to wait for Congress to pass laws of comprehensive market structure.

“Bad actors are drawn to unregulated areas,” says Behnam.

Consumer protection for crypto investors

Senator Hagerty, a leading sponsor of the Senate recently passed Genius Act, praised the bipartisan efforts in the legislative process on digital assets, hinting at the notion that colleagues want to maintain momentum.

And on the bipartisan topic, the Senator, a Democrat senator present at the hearing, seemed optimistic about the possibility of code, but was also concerned about setting up a proper guardrail for investors.

She asked Behnam which consumer protection factors are essential to Crypto investors.

Behnam cited “bankruptcy protection” as the most important component of consumer protection.

“Customer assets must be completely separated, so there is no doubt that the assets will be returned to the customer in the event of bankruptcy,” Behnam said.

Prices that failed to legislate US cryptography

Heading into the second half of the hearing, Senator Moreno asked panelists how long the US must pass crypto regulations and what the price is for not doing so.

Xethalis responded by saying, “We must act now.”

He argued that initial costs could potentially allow other jurisdictions to establish more troubling rules for crypto. He cited the European enactment rules for internet commerce decades ago as a precedent for this.

Xethalis argued that the second cost is economical. He said the US is behind in both 5G development and silicon chip manufacturing, stressing that he doesn’t want the same to happen with cryptography.

Bipartisan appeal

Senator Ramis closed the hearing by pleading with the senators and panelists to engage in discussions between the parties and work across the aisles, as he did with Senator Gillibrand.

She noted that because President Trump’s family is involved in the industry, some Democrats are reluctant to engage in the legislative process around the code, adding that code is greater than the president’s family involvement and Democrats should acknowledge this.

Breakout Likely With Strong Daily Candles

Breaking down his latest analysis, the trader explained that LINK’s daily candle officially closed bullish, marking a key technical point in the current trend. Meanwhile, LINKBTC ended the session on a positive note, which adds weight to the bullish outlook for LINK in the short term. 

However, the analyst emphasized that more bullish daily closes on LINKBTC are needed to confirm momentum. A continuation of strength could lead to an impulsive breakout above the daily candle’s lower high trendline, igniting the next leg upward.

A decisive move above the 0.000140 BTC resistance zone is expected to accelerate price action for LINK, giving bulls a clear signal to push higher. If momentum continues to build, LINK could rally toward the $16 resistance level, marking a major target for the current setup. For now, $12.50 remains a key support level on the daily timeframe and will act as a cushion if bearish pressure reemerges.

Looking ahead, the analyst pointed out that Bitcoin and Bitcoin Dominance will remain the primary market drivers for Chainlink heading into the weekend. While maintaining a rational outlook, CRYPTOWZRD plans to monitor LINK’s intraday chart closely for any developing setups. 

Awaiting Chainlink Next Trade Setup

In conclusion, CRYPTOWZRD emphasized that LINK’s intraday chart is showing signs of a bullish recovery, closely aligned with Bitcoin’s recent rebound. He expressed optimism that further upside is likely if current conditions persist, particularly if Bitcoin maintains its strength. 

Despite the encouraging signs, CRYPTOWZRD noted that a temporary bearish pullback would be both natural and healthy within the current market context. Pullbacks often reset market conditions, providing better structure for stronger continuation patterns. He believes such a retracement could offer a favorable early entry point for long positions, especially for short-term or intraday traders looking to capitalize on the volatility. 

As the market continues to evolve, CRYPTOWZRD advises traders to wait for clear confirmation of the next trade setup before taking action. His statement emphasized that strategic patience will be key in identifying the most rewarding opportunities. For now, traders should track price behavior closely and prepare to act swiftly when the next valid entry signal presents itself.

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