$CITY and $SPURS Turn Green as UK Government Urges Banks to Stop Blocking Crypto Firms

UK based Fan Tokens showed fresh strength as the government sent a clear message to banks about fair treatment for crypto firms. Manchester City Fan Token ($CITY) and Tottenham Hotspur Fan Token ($SPURS) both traded in green during the session, even as talks around banking access and crypto rules continued across the country.

$CITY posted a modest daily gain, while $SPURS also moved higher within 24 hours. The moves came as officials said banks should not block legal crypto services, a statement that helped lift sentiment across parts of the market.

UK Government Pushes Banks to Ease Pressure on Crypto Firms

The United Kingdom officials said they expect banks to treat all businesses fairly, including crypto service providers. The comments came as the government moved forward with new crypto rules that are expected to be finalized later this year.

A spokesperson from HM Treasury said the goal is to give crypto businesses clear rules so they can invest and grow in the UK. The message followed complaints from industry groups and Coinbase, who accused banks of blocking customers from using legal crypto services.

Despite many crypto firms being registered with the Financial Conduct Authority, several banks still limit access. A recent report showed that most major exchanges in the UK feel the banking space has become tougher in 2025. The government response appeared aimed at calming these concerns.

$CITY and $SPURS price action draws attention

The Manchester City Fan Token ($CITY) traded at $0.6198 with a 24 hour trading volume of $15,095,085. The token recorded a 1.8% rise early Thursday after moving sideways the previous day. $CITY now holds a market cap of $7,751,017 based on a circulating supply of 13 Million tokens.

The Tottenham Hotspur Fan Token ($SPURS) traded at $0.2163 with a 24 hour trading volume of $2,716,654. $SPURS gained 1.94% over the past day, though it remains down 11.37% over the last 7 days. The token has a market cap of $2,496,045 with 12 Million tokens in circulation.

Fan Tokens React as Market Mood Shifts

The positive move in $CITY and $SPURS shows how Fan Tokens can react quickly to changes in market mood. While the wider crypto space continues to deal with policy and banking issues, Fan Tokens tied to major football clubs often attract steady interest from supporters.

As the UK moves closer to final crypto rules and pushes banks toward fair access, traders and fans alike are watching how these updates may shape activity across digital assets and fan driven tokens in the months ahead.