US Briefs UK On GENIUS Act Stablecoin Rollout
US regulators briefed UK counterparts on implementing the GENIUS Act at the 13th UK-US Financial Regulatory Working Group meeting in London, with both sides reaffirming support for responsible digital asset innovation and cross-border regulatory coordination.
(Advertisement)
Regulators Meet in London to Align on Digital Finance
US and UK financial regulators have reaffirmed their commitment to closer cooperation on digital assets, with the GENIUS Act sitting at the centre of the latest discussions. The 13th official meeting of the UK-US Financial Regulatory Working Group (FRWG) was hosted by His Majesty's Treasury in London on July 8, 2026. Senior officials from the US Treasury and HM Treasury were joined by representatives from the Bank of England, Financial Conduct Authority, Federal Reserve, CFTC, FDIC, OCC, and the SEC.
Officials discussed stablecoin regulation, digital asset market structure in the United States, tokenization, and the UK's Wholesale Financial Markets Digital Strategy. A joint statement was published on August 4, summarising the talks.
GENIUS Act Implementation Takes Centre Stage
US authorities provided an update on implementing the GENIUS Act for stablecoins and on digital asset market structure. The GENIUS Act was enacted in the United States in July 2025 and permits the Secretary of the Treasury to create and implement reciprocal arrangements between the United States and jurisdictions with payment stablecoin regulatory regimes that are comparable to the requirements established under the GENIUS Act.
The discussion also covered the G20 Cross-Border Payments Roadmap. Participants discussed issues related to digital finance, emphasizing broad support for the responsible use and growth of digital assets and digital financial innovation globally.
Although the meeting did not produce new policy measures, it underscored a shared commitment to coordinating regulation across key areas of the digital asset industry. The Working Group was formed in 2018 to deepen bilateral regulatory cooperation with a view to the further promotion of financial stability, investor protection, fair, orderly, and efficient markets, and capital formation in both jurisdictions.
Sources:
US Department of the Treasury: UK-US Financial Regulatory Working Group Summer 2026 Joint Statement
CryptoNews: US, UK reaffirm support for stablecoins, tokenization in joint financial regulation talks
Paul Hastings: The GENIUS Act: A Comprehensive Guide to US Stablecoin Regulation
(Advertisement)
Latest News
Read More...
Author
Soumen DattaSoumen has been a crypto researcher since 2020 and holds a master’s in Physics. His writing and research has been published by publications such as CryptoSlate and DailyCoin, as well as BSCN. His areas of focus include Bitcoin, DeFi, and high-potential altcoins like Ethereum, Solana, XRP, and Chainlink. He combines analytical depth with journalistic clarity to deliver insights for both newcomers and seasoned crypto readers.