At the UK House of Lords Financial Services Regulatory Committee hearing, experts expressed skepticism about the future potential of stablecoins, believing that the lack of legal and regulatory frameworks is the reason for their limited adoption, and emphasized the need for strict regulation to prevent risks and illegal activities.

The Avalanche Policy Alliance has established an Advisory Committee led by Ava Labs General Counsel Lee Schneider, with members including UK House of Lords member Chris Holmes. The committee will focus on topics such as token classification until 2026, aiming to promote global regulatory coordination and foster the development of the blockchain industry.