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United Kingdom · Question · Written question

HL HL9710

Cryptocurrencies: Regulation

answeredUnited Kingdom· UK Parliament· EN

Introduced

21 July 2025

Last action

29 July 2025 · Answer

Status

Answered

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Discovery layer

Source updated

29 July 2025

Summary

To ask His Majesty's Government what plans they have to regulate pound sterling-backed stablecoin; and what assessment they have made of the impact of the United States GENIUS Act on any such regulation.

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Timeline

  1. 21 July 2025

    Written question

    To ask His Majesty's Government what plans they have to regulate pound sterling-backed stablecoin; and what assessment they have made of the impact of the United States GENIUS Act on any such regulation.

    Source: Lords

  2. 29 July 2025

    Answer

    The Government has confirmed that it will bring forward final legislation this year to create a financial services regulatory regime for cryptoassets in the UK. The Government recognises the growth and competitiveness opportunities of stablecoins, and its...

    Source: Written answer

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