The United States and the United Kingdom reaffirmed their commitment to financial regulatory cooperation during a recent meeting of their Financial Regulatory Working Group (FRWG), emphasizing continued alignment on digital assets.
The meeting focused on stablecoin regulation, digital asset market structure in the US, payment modernization, and cross-border payments. US officials updated their UK counterparts on the implementation of the GENIUS Act, the country’s landmark stablecoin law, highlighting a shared commitment to coordinating regulation across key areas of the digital asset industry.
Participants discussed payment modernization and the G20 Cross-border Payments Roadmap, underscoring ongoing efforts to streamline financial transactions and improve cross-border payments.
Written by Steven Cook
Regulation Desk
