Circle's Chief Strategy Officer and Head of Global Policy, Dante Disparte, presented a regulatory blueprint to the United Kingdom's House of Lords Financial Services Regulation Committee. He argued that the UK has a unique opportunity to construct its crypto regulatory regime by blending the clarity of the European Union's Markets in Crypto-Assets Regulation (MiCA) with elements of the new US stablecoin framework, the GENIUS Act.
"The model is clear: take the best of both and make it distinctly British," Disparte stated during the Wednesday meeting. He advised taking "clarity, definitions, licensing, governance and strong consumer protection" from MiCA, and the landmark framework from the US GENIUS Act. Disparte warned that the absence of a clear domestic framework would push stablecoin activity offshore, exposing UK users and jeopardizing London's status as a global financial innovation hub.
The meeting was part of the House of Lords' inquiry into the growth and proposed regulation of stablecoins. Disparte proposed four core governing principles for the UK's framework: 1-to-1 reserve backing, high-quality liquid reserves, enforceable redemptions, and strong transparency standards. He also countered concerns that stablecoins could drain bank deposits, arguing that "trusted stablecoins expand markets. They do not shrink them."
Separately, Circle's stock (CRCL) has surged 115% over the past month to around $132, driven by strong financial results. The company reported Q4 revenue and reserve income of $770 million, a 77% year-over-year increase, with adjusted operating profits jumping 412%. CEO Jeremy Allaire remarked that "the Street is starting to get us," highlighting growing investor recognition of Circle's role as financial infrastructure.
Analyst firm Bernstein reiterated an Outperform rating with a $190 price target, citing "strong evidence" of rising global stablecoin adoption. Clear Street raised its target to $152, calling Circle a "trusted, regulatory-compliant infrastructure layer." The positive sentiment is further bolstered by Circle's launch of the Arc blockchain with partners like BlackRock and Visa, a multiyear deal with Intuit, and the regulatory tailwind from the US GENIUS Act, signed into law in July 2025.
