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Email On May 31, 2022, the UK Treasury announced a consultation on the government’s proposals to manage the failure of systemic digital settlement asset (“DSA”) (including stablecoin) firms by adapting the existing Financial Market Infrastructure Special Administration Regime (“FMI SAR”). https://www.cadwalader.com/resources/articles/uk-treasury-opens-consultation-into-proposed-insolvency-regime-to-manage-failure-of-stablecoin-firms