Circle Urges UK to Blend MiCA Clarity With US Stablecoin Framework
Speaking to the House of Lords committee, Circle's Dante Disparte argued the UK is uniquely positioned to marry the strongest elements of the EU's Markets in Crypto-Assets (MiCA) framework with the US GENIUS Act. He framed the proposal as a practical way to deliver clearer legal certainty for issuers and users of fiat-backed stablecoins such as USDC while preserving consumer protections and market integrity. If adopted, a hybrid approach could make the UK a more attractive jurisdiction for stablecoin issuance and crypto innovation by aligning cross-border compliance expectations. Disparte's pitch echoes broader industry calls for interoperable rules that support stability and competition; lawmakers will now weigh how to balance openness with prudential safeguards as they shape the next phase of UK crypto policy.