APPG Welcomes Texas Bankers Delegation as Bank of England Publishes Stablecoin Consultation
This week, as the Bank of England published its consultation on the UK’s proposed stablecoin regime, Baroness Neville-Jones, a member of the UK Parliament’s Crypto and Digital Assets All-Party Parliamentary Group (APPG), supported by CryptoUK as secretariat, brought together representatives from the Texas Bankers Association, including CEO Chris Furlow, with leading UK digital asset industry experts to discuss the evolving regulatory landscape in the UK and US.
The meeting took place at a timely moment for both jurisdictions, with the US stepping up efforts to position itself as a destination for digital asset investment, and the UK also committed to bringing forward legislation for a comprehensive crypto regime later this year.
Baroness Neville-Jones convened the session to support an exchange of best practice between policymakers and industry on both sides of the Atlantic. A former Minister for Security and Counter-Terrorism, former Chair of the Joint Intelligence Committee, and a member of Parliament’s Joint Committee on the National Security Strategy, she emphasised the importance of regulatory clarity and effective international coordination as digital assets and payments infrastructure develop.
The discussion covered how both the US and UK are seeking to position themselves as global leaders in digital assets, the opportunities presented by innovation, and the practical challenges facing industry and policymakers. Specific topics included the future role of stablecoins in private-sector payment systems, the US GENIUS Act and the banking industry’s response.
The Texas Bankers Association represents hundreds of banks and financial institutions across the state and serves as the primary voice of the Texas banking sector before lawmakers and regulators. The discussion also reflected Texas’s broader strategy to attract investment, including a strong interest in digital assets and blockchain innovation.
The session also heard from several UK industry experts, including CryptoUK, B2C2, Lukka, and Bitcoin Policy UK, who shared their perspectives on international comparisons, industry challenges, and opportunities for UK–US collaboration on the future of digital finance.
To find out more about the APPG or to get involved, please get in touch via the contact form on the APPG page.
