
At a House of Lords hearing, witnesses cast doubt on stablecoins as mainstream money, backing strict Bank of England oversight and criticizing the « disastrous » US GENIUS Act for letting non‑banks into “the money business.”

At a House of Lords hearing, witnesses cast doubt on stablecoins as mainstream money, backing strict Bank of England oversight and criticizing the « disastrous » US GENIUS Act for letting non‑banks into “the money business.”