Techub News, citing Decrypt, reports that Lucy Rigby, the UK Treasury Minister for Economic Affairs, said at the Financial Times Digital Assets Summit that digital assets have the potential to fundamentally transform the UK’s financial markets, improve efficiency, and accelerate the flow of capital. She stressed the need to work with the industry and regulators to drive market transition. She also noted that minimizing regulatory friction between the UK and the US for digital assets may be achieved through regulatory recognition or coordination. Rigby further said that the FCA and the Bank of England are set to introduce stablecoin legislation, authorized gateways will open within the year, and consultations with the industry will be held on a single framework for traditional and tokenized payments.