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.

The United States and the United Kingdom reaffirmed their commitment to closer financial regulatory cooperation during a recent bilateral working group, signaling continued policy alignment on digital assets as US authorities move to implement landmark stablecoin legislation.

During the 13th meeting of the UK-US Financial Regulatory Working Group (FRWG), held in London on July 8, officials discussed stablecoin regulation, digital asset market structure in the United States, tokenization and the UK’s Wholesale Financial Markets Digital Strategy.

An Aug. 4 joint statement summarizing the meeting said US officials updated their UK counterparts on implementation of the GENIUS Act, the country’s landmark stablecoin law, as well as ongoing work on digital asset market structure. Participants also discussed payment modernization and the G20 Cross-border Payments Roadmap, an international initiative to improve cross-border payments.

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