US, UK reaffirm support for stablecoins, tokenization in joint financial regulation talks
In a July 8 meeting, US and UK regulators highlighted the implementation of the GENIUS Act, payment modernization and cross-border cooperation, reinforcing a shared framework for digital asset oversight.
US and UK regulators reaffirmed their commitment to digital asset oversight during a joint working group meeting on July 8, 2023. The GENIUS Act, a landmark US stablecoin law, was discussed, as well as tokenization, payment modernization, and the UK's Wholesale Financial Markets Digital Strategy. Officials highlighted ongoing cooperation on digital asset market structure and cross-border payments.
While no new policy measures were announced, the meeting reinforced a shared framework for regulating digital assets and emphasized the importance of financial stability and international collaboration. The Transatlantic Taskforce for Markets of the Future, a joint US-UK initiative, published its initial recommendations and a joint statement on stablecoins on July 14.
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