Then-Prime Minister Rishi Sunak announced the UK’s ambitions to be a “global cryptoasset hub” all the way back in 2022. Since then, that goal has seemed more like a distant aspiration rather than actuality. But several recent announcements suggest the gap between fantasy and reality might finally be narrowing.Within days of each other, the Financial Conduct Authority (FCA) and Bank of England have taken major regulatory steps toward proving that the UK is serious about that goal, setting out rules designed to create a workable climate for both consumer and institutional crypto adoption.The FCA finalized their crypto rules last month,…

from the truth-and-fiction-and-ai dept This story was originally published by ProPublica. Republished under a CC BY-NC-ND 3.0 license. Last month, my colleagues and I published an investigation into a Texas oil refinery startup, America First Refining, that had secretly gotten investment from Donald Trump Jr. We discovered a saga involving the Trump administration’s tariff policy, sanctioned Russian oil and an Indian billionaire family’s private zoo.  At the center of the story was the CEO of the refinery company, Texas businessman John Calce. We’d spent weeks examining Calce — pulling old lawsuits, property records, corporate registry filings — and had pieced together a portrait of what appeared…

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