Circle Internet Financial submitted a response to the U.K. House of Commons Treasury Committee's inquiry into the cryptoasset industry, emphasizing the importance of a unified regulatory approach to foster innovation and financial inclusion. Circle advocates for the use of digital currencies to create a more open and efficient global economic system, highlighting stablecoins' potential to enhance traditional currencies' utility and facilitate financial inclusion. The company argues for clear, consistent government guidance to support the U.K.'s ambition to be an innovation hub, warning that the current fragmented regulatory efforts could stifle growth and drive firms to more regulatory-friendly jurisdictions. Circle stresses the need for balanced, technology-neutral regulations to address payment stablecoins, firm registration, and advertising, suggesting that such an approach could result in significant economic growth and job creation.