The UK's Financial Conduct Authority (FCA) has initiated a consultation process to gather feedback from the cryptocurrency industry, aiming to develop a balanced regulatory framework. This effort seeks to enhance the investment environment by engaging with exchanges, wallet providers, DeFi projects, and individual investors. The FCA's consultation focuses on three primary areas: expanding consumer access to crypto investments, revising client categorization rules, and addressing conflicts of interest. The consultation period is expected to last between 8 to 12 weeks, with the FCA planning to use the feedback to guide its policy decisions and release a summary of responses along with final policy statements.