US and UK commit to cooperate to support stablecoin security innovation and strengthen regulation

07/01 13:18

Her Majesty’s Treasury hosted the Regulatory Pillar of the FIP with the U.S. Department of the Treasury on 29th June 2022. Participants exchanged views on crypto-asset regulation and market developments, including recent developments in relation to stablecoins and the exploration of central bank digital currencies (CBDCs). Both sides discussed recent market developments on digital assets, including stablecoins and exchanged updates on regulatory approaches in their jurisdictions. The United States and UK are committed to continuing to cooperate to support safe innovation and strengthening regulatory outcomes for stablecoins across jurisdictions. Recent events highlight the key role of stablecoins and crypto-asset trading and lending platforms in the digital asset ecosystem, the variance in their governance and operations, and the need for robust cross-border regulatory cooperation.

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