[Bank of England Commits to Aligning with the U.S. on Stablecoin Regulation] Sarah Breeden, Deputy Governor of the Bank of England, stated at the SALT conference in London that the UK plans to stay in sync with the U.S. on stablecoin regulation, emphasizing the importance of regulatory coordination in this $310 billion industry. She noted that the UK would implement a stablecoin regulatory framework 'as swiftly as the U.S.,' alleviating concerns that the UK might lag behind in this area. Previously, the U.S. passed the landmark GENIUS Act in July of this year. Additionally, in September, UK Chancellor Rachel Reeves met with U.S. Treasury Secretary Scott Bessent, where both parties agreed to strengthen coordination on activities related to cryptocurrencies and stablecoins. Several cryptocurrency advocacy groups within the UK had previously called on the government to adopt more open industry policies to avoid falling behind other countries in terms of innovation and regulation.