UK House of Lords Pushes to Scrap Stablecoin Holding Caps on June 3

According to a post by Whale Factor, the House of Lords sent a warning to the Bank of England on June 3, 2026, pushing to scrap proposed holding caps on stablecoins. Members of Parliament expressed concerns that strict limits would undermine efforts to develop a competitive domestic stablecoin ecosystem and could place Britain at a disadvantage against other major financial centers exploring blockchain innovation.
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