Sarah Breeden, the Deputy Governor of the Bank of England, stated that the UK government is expected to align with the US in the regulation of stablecoins, emphasizing that achieving synergy on regulatory rules in this $310 billion industry is "crucial" for the two allies. Breeden mentioned on Wednesday at the SALT conference held in London that the UK will implement a stablecoin regulatory framework "as swiftly as the US" — this statement alleviated concerns about the UK lagging in this area, especially following the US's passage of the landmark GENIUS Act in July. This remark further propelled the momentum for previous cooperation. In September this year, UK Chancellor Rachel Reeves met with US Treasury Secretary Scott Bessent, where both countries agreed to enhance coordination regarding crypto assets and stablecoin-related activities. The backdrop of this meeting is that several cryptocurrency advocacy organizations in the UK had previously called for the government to adopt a more open attitude towards the crypto industry, claiming that the current policy stance has led to the country lagging in industry innovation and regulatory policy.