Select Committee · Financial Services Regulation Committee

Growth and proposed regulation of stablecoins in the UK

Status: Open Opened: 28 Jan 2026 3 reports
Inquiry scopeThis inquiry will examine the development of, and proposed regulatory response to, stablecoins in the UK. In particular, the inquiry will examine the extent to which stablecoins might disrupt the traditional models of provision of financial services, including for banking and payments services. The inquiry will also assess the potential opportunities and risks that the growth of stablecoins might have on UK’s financial services sector, and whether the Bank of England and FCA’s proposed regulatory frameworks provide measured and proportionate responses to these risks.

Reports

3 reports

Oral evidence sessions

8 sessions

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Date Session and witnesses Source
15 Apr 2026 David Geale · Payment Systems Regulator, Lucy Rigby KC · HM Treasury, Matthew Long · Financial Conduct Authority (FCA) View ↗
25 Mar 2026 Rory Tanner · Revolut, Tom Rhodes · Agant Finance Limited View ↗
18 Mar 2026 Dante Disparte · Circle, Jesse McWaters · Mastercard View ↗
11 Mar 2026 Matthias Bauer-Langgartner · Chainalysis, Sarah Breeden · Bank of England, Sasha Mills · Bank of England View ↗
4 Mar 2026 Adam Jackson · Innovate Finance, Tom Duff Gordon · Coinbase View ↗
25 Feb 2026 Elise Soucie Watts · Global Digital Finance, Jana Mackintosh · UK Finance View ↗
11 Feb 2026 Professor Kern Alexander · University of Zurich, Professor Simon Gleeson View ↗
4 Feb 2026 Chris Giles · Financial Times, Professor Arthur E. Wilmarth, Jr. · George Washington University Law School View ↗

Who gave evidence

18 witnesses

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WitnessOrganisationSessions
Adam Jackson · Chief Strategy Officer Innovate Finance 1
Chris Giles · Economics Editor Financial Times 1
Dante Disparte · Chief Strategy Officer and Head of Global Policy & Operations Circle 1
David Geale · Managing Director Payment Systems Regulator 1
Elise Soucie Watts · Executive Director Global Digital Finance 1
Jana Mackintosh · Managing Director, Payments and Innovation UK Finance 1
Jesse McWaters · Executive Vice President and Head of Global Policy Mastercard 1
Lucy Rigby KC · Economic Secretary to the Treasury HM Treasury 1
Matthew Long · Director of Payments Financial Conduct Authority (FCA) 1
Matthias Bauer-Langgartner · Head of Policy, Europe, Chainalysis 1
Professor Arthur E. Wilmarth, Jr. George Washington University Law School 1
Professor Kern Alexander University of Zurich 1
Professor Simon Gleeson 1
Rory Tanner · Head of UK Government Affairs and Public Policy Revolut 1
Sarah Breeden · Deputy Governor for Financial Stability Bank of England 1
Sasha Mills · Executive Director of Financial Market Infrastructure Bank of England 1
Tom Duff Gordon · Vice President for International Policy Coinbase 1
Tom Rhodes · Chief Legal Officer Agant Finance Limited 1

Correspondence

1 letter

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