US, UK reaffirm support for stablecoins, tokenization in joint financial regulation talks
The US and UK reaffirmed closer financial regulatory cooperation in a recent bilateral working group, with digital assets a key focus. Officials discussed US stablecoin regulation under the GENIUS Act, digital asset market structure, tokenization, payment modernization, and the G20 cross-border payments roadmap. No new policy was announced, but both sides emphasized responsible innovation, financial stability, and international coordination. The meeting follows broader transatlantic efforts to align on financial innovation, including a joint US-UK task force that later released initial recommendations and a stablecoin statement. The UK is also revisiting its own stablecoin approach as the US advances faster, with the Bank of England reportedly reconsidering restrictive reserve and holding rules. The UK regulator has highlighted cross-border payments as a leading near-term use case for stablecoins.
