According to reports from Wu, the UK's Financial Conduct Authority (FCA) released a discussion paper on May 2, initiating a public and industry consultation on crypto intermediaries, staking, and lending. The FCA plans to prohibit retail investors from using credit cards to invest in crypto assets and requires trading platforms to separate proprietary trading from customer transactions. This move continues the Treasury's legislative proposal from April, aimed at enhancing market regulation and protecting consumers. The consultation will close on June 13.