The Bank of England is reviewing feedback on its November consultation paper regarding stablecoin regulation, according to Deputy Governor Sarah Breeden. Speaking to the House of Lords committee, Breeden indicated that regulators are open to alternative methods to protect the UK economy. The central bank had proposed temporary holding limits for systemically important stablecoins—£20,000 for individuals and £10 million for businesses—to mitigate risks from rapid deposit shifts. However, stablecoin issuers and the crypto industry argue these limits are impractical and could stifle innovation. The Bank of England aims to finalize regulations by year-end.