U.S. and U.K. regulators reaffirm support for collaboration on stablecoins and tokenization.

ME News reports that on August 5 (UTC+8), U.S. and U.K. regulators reaffirmed their commitment to strengthening financial regulatory cooperation during the 13th U.S.-U.K. Financial Regulatory Working Group meeting held in London on July 8. The parties discussed stablecoin regulation, the structure of the U.S. digital asset market, tokenization, and the U.K.’s digital strategy for wholesale financial markets. A joint statement released on August 4 indicated that U.S. officials provided updates to their U.K. counterparts on the progress of implementing the GENIUS Act and related work on digital asset market structure. Participants also discussed payment modernization and the G20 cross-border payment roadmap, which aims to improve cross-border payments. No new policy measures were adopted at the meeting. Both sides stated they will coordinate regulation in key areas of the digital asset industry and support responsible digital asset innovation within frameworks for financial stability and international regulatory cooperation. On July 14, the joint U.S.-U.K. initiative Transatlantic Taskforce for Markets of the Future, focused on financial innovation and capital markets cooperation, released preliminary recommendations alongside a joint statement on stablecoins. Both governments stated that these measures will lay the foundation for continued collaboration between the U.S. and U.K. in digital assets and capital markets. (Source: ODAILY)