International Coordination in Cryptocurrency Regulation
A leading figure at the U.K. Financial Conduct Authority (FCA) has emphasized the importance of an internationally coordinated approach to cryptocurrency regulation in order to avoid regulatory arbitrage. During her address at the DigiAssets 2025 conference, Jane Moore expressed that the FCA is closely monitoring the recent legislative changes in the United States, particularly the Senate’s passage of the GENIUS Act—a significant piece of legislation designed to provide a framework for the issuance and trading of stablecoins.
Fostering Compliance Culture
Moore highlighted that fostering a robust compliance culture within the digital asset sector is essential for ensuring safer offerings for consumers. In a complementary statement, Lord Chris Holmes, a member of the House of Lords, indicated optimism regarding upcoming regulatory developments in the U.K., but cautioned stakeholders—which include investors and entrepreneurs—against criticism of regulations unless they actively participate in FCA consultations. He asserted that appropriately tailored regulations benefit innovation, investment, consumers, and society as a whole.
“The only individuals seeking a regulatory-free environment are those with dishonest intentions,” Lord Holmes remarked, adding that genuine businesses aiming for growth and integrity should welcome sensible regulation. He further noted that the influence of digital assets will increase over time, affecting economic metrics on both a global and national scale.
In illustrating this point, he stated, “We recognize the growing significance of digital assets; regardless of the statistics referenced, they are undeniably gaining traction.”
Relevance of Regulatory Developments
Meanwhile, Hemant Pandit, the Chief Revenue Officer of Cryptio, asserted that the regulatory developments in the U.K. and EU remain relevant, even as the U.S. aggressively pursues strategies to strengthen the dollar through stablecoins. Christian Moor, a senior policy advisor at the European Central Bank, echoed this sentiment, indicating that the potential rise of stablecoins as a retail payment method in Europe warrants attention, particularly if these are dollar-based, as this could lead to substantial implications for the financial landscape.
