NewsCryptoG20 calls for clearer rules to support digital asset innovation

G20 calls for clearer rules to support digital asset innovation

Author: CryptoBriefing·

Key Takeaways

  • The G20 issued its commitment after finance ministers and central bank governors met in Asheville, North Carolina, on Aug. 31 and Sept. 1.
  • Scott Bessent said the G20 will pursue supervisory frameworks that support digital financial and digital asset innovation.
  • The group did not introduce new binding stablecoin rules and instead directed work to the Financial Stability Board on cross-border stablecoin effects and data.
  • Officials reaffirmed the G20 roadmap for cross-border payments and encouraged longer operating hours for large-value payment systems.
  • Bessent has also been pressing Congress on US crypto market structure, and the Digital Asset Market Clarity Act has a procedural Senate vote scheduled for Sept. 15.
G20 calls for clearer rules to support digital asset innovation

G20 officials are signaling greater support for digital assets, calling for clearer regulatory pathways that can encourage innovation while maintaining financial stability.

The commitment came in the Chair’s statement following a two-day meeting of finance ministers and central bank governors in Asheville, North Carolina. The meetings took place Aug. 31 and Sept. 1, following the group’s April gathering in Washington.

US Treasury Secretary Scott Bessent, who leads the G20 finance track this year, said the group would pursue supervisory frameworks that support sound digital financial and digital asset innovation.

The G20 stopped short of setting new binding rules for stablecoins, instead looking to the Financial Stability Board for work on the cross-border effects of global stablecoin arrangements and improving stablecoin data. Officials also reaffirmed the G20 roadmap for cross-border payments and encouraged countries to extend large-value payment-system operating hours, underscoring how digital asset policy remains tied to broader efforts to make international payments faster and more interoperable.

Digital assets have been part of Bessent’s G20 agenda since February, when he highlighted a vibrant digital asset ecosystem and improved cross-border payments alongside growth and other global economic priorities.

The statement points to an ongoing policy split that matters for market participants and payment firms: governments are still focused on stability and oversight, but they are also signaling that digital asset activity should have clearer rules rather than remain in a gray area. That balance is now being tested both at the multilateral level and in the US, where Bessent has continued to push Congress on the crypto market structure. The Digital Asset Market Clarity Act has yet to clear the Senate, with a procedural vote scheduled for Sept. 15.