内容摘要：The company had foundered since its October launch, investors seemingly leery of its prospects and its terms.

The company had foundered since its October launch, investors seemingly leery of its prospects and its terms.

to try to reduce the risk of crypto being used by criminals.However, other regulators are being slower to act. The G20 group of leading economies is working on minimum standards for cryptocurrencies, but they are not legally binding, and uptake has been slow.

Back in the US, a bill to regulate cryptocurrenciesby the House, but not the Senate. Its critics argue it will give less protection to consumers.Coinbase’s Mr Grewal backs the bill, and says: “This is not an industry that is shying away from regulation.” He adds that the sector just wants the same standards applied to crypto as are applied to other assets, “no tougher, but no weaker”.

With November’s US elections on the horizon, the crypto industry has sensed an opportunity to help elect lawmakers who take a sympathetic view of the businesses.By last month, the sector had already spent an unprecedented

according to research by the non-profit Public Citizen.

The consumer advocacy organisation’s research director Rick Claypool says the money is being used “to help elect pro-crypto candidates and attack crypto critics, this is regardless of political affiliation”."It's just not good, it's not good at all," he said.

Showers continued through the night on Monday and on Tuesday in parts of south-west England, the north coast of Northern Ireland, north-west England and the coastal counties of Scotland.Some of these showers are heavy with thunder over the hills.

But through Tuesday evening and overnight another area of low pressure will sweep in from the Atlantic, bringing a spell of wet and potentially windy weather to England and Wales.On its current track, the low pressure will bring rain north-eastwards across south-west England this evening and then Wales, the Midlands, East Anglia, parts of northern England and south-east England, where it could turn heavy and thundery.