Us, uk reaffirm stabilisation for stablecoins

The United States and United Kingdom are deepening their regulatory coordination on digital assets following discussions centered on implementing the GENIUS Act, the US stablecoin legislation. During the 13th meeting of the UK-US Financial Regulatory Working Group held in London on July 8, officials exchanged updates on stablecoin regulation, digital asset market structure, and tokenization. A joint statement released August 4 indicated that US authorities briefed their UK counterparts on the GENIUS Act's implementation and ongoing work on digital asset market structure, while both nations discussed payment modernization and the G20 Cross-border Payments Roadmap