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Critics tell UK Lords stablecoins are not future money
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Why This Matters
Critics in the UK House of Lords expressed concerns over stablecoins as mainstream money, advocating for stricter oversight from the Bank of England, and criticizing the US GENIUS Act for allowing non-banks to participate in the financial sector.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
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.”
Original article published by
CoinTelegraph
on February 4, 2026.
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Analysis and insights provided by AnalystMarkets AI.