“Global response” to crypto regulations needed as the US advances Genius Act: FCA

A senior official from the UK Financial Conduct Authority (FCA) warned that a “global response” to crypto is important to prevent regulatory rulings.

Speaking at Digiassets 2025, Jane Moore said that the UK institution was focusing on US development just a day ago. The Senate passed its first major cryptography in the form of genius law.

Moore continued to argue that the “culture of compliance” within digital asset companies will ultimately become a safer product for consumers.

Sitting in the legislative room above the UK, Lord Chris Holmes added that he believes “we are about to enter a very positive period for UK regulations.”

However, he stressed that stakeholders in the digital assets sector, from investors to entrepreneurs, have no right to “groan” about regulations unless they are involved in consultations led by the FCA. During the panel, he argued that right-sized regulations are “suitable for innovation, good for investment, consumers, creatives, citizens and the country.”

“The only people who want an unregulated environment are Grifters and Chancers,” said Lord Holmes. “If you’re trying to set up, scale or develop a genuine business, you always need proper regulations.”

Conservative peers added that the impact of digital assets, whether measured in trillions of dollars or as a percentage of GDP, will only grow over time.

“We’re interested in this field. We’re interested in this field. We understand that, in either statistics, and in either number, digital assets are material and only go in one direction,” he told the audience.

Cryptio’s Chief Revenue Officer Hemant Pandit argued that even when the US is “advancing all steam,” regulatory moves in the UK and the EU are still important.

This was highlighted by Christian Moore, a senior policy expert at the European Central Bank.

“It would be interesting to see if Stablecoins will become a payment method in the retail space of Europe,” he said. “And if it’s based on dollars, that’s clearly a serious problem.”

Edited by Stacy Elliott.