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Lord Livermore (Lab)

Speaking in the House of Lords on 12 November 2025

Debate

Cryptocurrencies: US Regulation

Contribution

I am grateful to my noble and learned friend for his question. The Government’s approach to crypto assets seeks to strike the right balance between giving firms regulatory certainty and ensuring the sector has the space and flexibility to innovate. The Government recognise that our financial stability, as well as the other considerations that my noble friend mentioned, are associated with crypto assets, but they need to be balanced against supporting innovation and ensuring the UK positions itself as a competitive global destination for digital assets. Internationally, the UK financial authorities have been working, through the Financial Stability Board, to assess and develop supervisory and regulatory approaches to address the global financial stability risks posed by crypto assets and global stablecoins. We are also currently working to put in place a comprehensive domestic regulatory regime for crypto assets as financial services, to ensure the UK has the necessary protections for crypto asset usage.

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