FCA warns: Global response needed for crypto as the US pushes for the GENIUS Act

In the context of the US Senate recently passing the GENIUS Act – the first framework bill on stablecoins, officials in the UK and Europe have called for a global response to cryptocurrency regulation, in order to avoid businesses exploiting differences between regions.

Speaking at the DigiAssets 2025 conference, Ms. Jane Moore – representative of the UK Financial Conduct Authority (FCA) – emphasized that building a culture of compliance in the digital asset sector is essential to protect consumers and develop the market sustainably.

Lord Chris Holmes, a member of the UK Senate, asserted that only "scammers and opportunists" would want an unregulated environment. On the contrary, reasonable regulation will promote innovation, investment, and safeguard the common interest.

European officials are also concerned that the stablecoin linked to #usd could dominate the retail payment sector in Europe if timely action is not taken, thereby affecting the region's financial sovereignty.

Although the US is ahead, experts emphasize the important role of the EU and the UK in creating a policy counterbalance to ensure a transparent and fair crypto market globally.

📌 The GENIUS Act could become a catalyst for other major economies to accelerate the completion of their crypto legal frameworks to maintain balance in the digital financial race. #anhbacong