US and UK reaffirm commitment to stablecoin and tokenization regulatory cooperation

Comparatively, according to Cointelegraph, at the 13th Anglo-American Financial Supervisory Working Group (FRWG) meeting held in London on July 8, the US and the UK reaffirmed their commitment to strengthen financial supervision cooperation and discussed topics such as stablecoin regulation, digital asset market structure, tokenization, and digital strategies for the UK wholesale financial market.

According to the joint statement, the US informed the British side about the progress of implementation of the “GENIUS Act” and the work related to the digital asset market structure. The statement supports “responsible” digital asset innovation and emphasizes financial stability and international regulatory cooperation. On July 14, the “Future Markets Transatlantic Working Group” (TTMF) further issued preliminary stablecoin proposals and joint statements, laying the foundation for the US and the UK to continue to play a leading role in digital assets and capital markets.