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Lord Livingston of Parkhead (Non-Afl)

Speaking in the House of Lords on 16 October 2025

Debate

Stablecoin Ownership

Contribution

My Lords, first, I thank the Lord Speaker for all his service—a good fellow Scotsman and football fan. I also ask the House to note my interest as chairman of S&P Global. Does the Minister agree that stablecoin is like most other financial instruments: it depends on what is backing it and what is behind it? The important thing is not pace but the right regulation that creates the right environment for the UK to succeed and that ensures that people are protected by making sure that the assets that back stablecoin are there, available, and understood by consumers and businesses that use it.

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