'Global Response' to Crypto Regulation Needed as US Advances GENIUS Act: FCA

CN
Decrypt
Follow
5 hours ago

A senior official at the U.K. Financial Conduct Authority, or FCA, warned a "global response" to crypto is crucial to prevent regulatory arbitrage.


Speaking at DigiAssets 2025, Jane Moore said the British agency is keeping a close eye on developments in the U.S. Just a day earlier, the Senate passed its first major piece of crypto legislation in the form of the GENIUS Act—a framework for issuing and trading stablecoins.


Moore went on to argue that a "culture of compliance" within digital asset firms would ultimately result in safer products for consumers.


Lord Chris Holmes, who sits in Britain's upper legislative chamber, added that he believes "we're about to enter a very positive period for regulation in the U.K."


But he stressed that stakeholders in the digital assets space—from investors to entrepreneurs—shouldn't have the right to "moan" about regulations unless they get involved in the consultations led by the FCA. During the panel, he argued right-size regulation "is good for innovation, good for investment, good for consumers, for creatives, for citizens and for countries."


"The only people who want a regulatory-free environment are the grifters and the chancers," Lord Holmes said. "If you're seeking to set up, scale and develop a bona fide business, you should always want right-size regulation."


The Conservative peer added that, whether measured in trillions of dollars or as a percentage of GDP, the influence of digital assets will only grow over time.


"We are into this space, we are interested in this space, we understand that whichever stat, whichever figure you take, digital assets are material and only going in one direction," he told the audience.


Cryptio's chief revenue officer Hemant Pandit argued that the regulatory moves made in the U.K. and EU still matter, even if the U.S. is "moving full steam ahead" and regarding stablecoins as a way of achieving dollar dominance.


That point was underlined by Christian Moor, a senior policy expert at the European Central Bank.


"It's going to be interesting to see if stablecoins become a payment method in the retail space in Europe,” he said, “and if it's based on the dollar, that's obviously a serious issue.”


Edited by Stacy Elliott.


免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

ad
Gate: 注册赢取$10000+礼包
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink