US-UK Regulatory Cooperation on Stablecoins and Tokenization Reaffirmed
US and UK regulators strengthen ties on stablecoin rules and tokenization, citing GENIUS Act progress and joint market structure goals.
Woofun AI reports that the 13th U.S.-U.K. Financial Regulatory Working Group meeting in London on July 8 saw both nations reaffirm commitments to regulatory cooperation. Discussions covered stablecoin regulation, digital asset market structure, tokenization, and the U.K.'s wholesale financial market digitalization strategy. The joint statement highlighted U.S. updates on the GENIUS Act implementation and support for "responsible" innovation, while emphasizing financial stability. On July 14, the Transatlantic Taskforce on Future Markets released preliminary stablecoin recommendations, reinforcing bilateral leadership in digital capital markets.
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