Close on the heels of Biden’s executive order to expand US involvement in the crypto ecosystem, the United Kingdom has made a similar announcement.

https://www.gov.uk/government/news/government-sets-out-plan-to-make-uk-a-global-cryptoasset-technology-hub

Stablecoins were at the forefront of the announcement, owing largely to a recent consultation call report from HM Treasury:

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1066166/O-S_Stablecoins_consultation_response.pdf