UK and US Form Crypto Task Force to Shape Global Digital Assets Rules

The United Kingdom and the United States have introduced the creation of a joint activity drive geared toward strengthening cooperation on digital asset regulation and capital markets.

The initiative, referred to as the Transatlantic Taskforce for Markets of the Future, was unveiled final week throughout U.S. President Donald Trump’s state go to to the UK, marking a major step towards nearer alignment between the world’s two largest monetary hubs.

Transatlantic Crypto Task Force Targets Unified Approach to Digital Asset Regulation

According to a press release from the UK authorities, the duty drive will concentrate on enhancing collaboration throughout capital markets whereas laying the groundwork for a unified strategy to digital property.

It will discover short- and medium-term choices for cooperation whereas laws and regulatory regimes proceed to develop, in addition to long-term alternatives to advance wholesale digital market innovation.

The announcement followed a high-level meeting in London between UK Chancellor of the Exchequer Rachel Reeves and U.S. Treasury Secretary Scott Bessent.

The assembly hosted on September 17 was additionally attended by executives from main crypto companies, together with Coinbase, Circle, and Ripple, alongside world banks akin to Citi, Bank of America, and Barclays.

Both governments stated the initiative reveals their dedication to making certain capital markets stay aggressive and open whereas adapting to the speedy tempo of technological change.

The activity drive shall be chaired collectively by officers from HM Treasury and the U.S. Treasury, with participation from regulators together with the Financial Conduct Authority (FCA) and the Securities and Exchange Commission (SEC).

It is predicted to report again to each finance ministries by way of the UK–US Financial Regulatory Working Group inside 180 days. Industry specialists will even be consulted to guarantee suggestions mirror the priorities of companies and buyers.

Key areas below evaluation embody the interoperability of regulatory frameworks, significantly round asset custody, anti-money laundering requirements, and stablecoin oversight.

Stablecoins are anticipated to be a central focus, with officers noting that aligning UK guidelines with U.S. requirements might enhance cross-border entry for companies and draw extra American funding into Britain’s monetary sector.

The transfer comes because the UK faces strain to stay aggressive in world finance amid considerations about firms shifting listings to U.S. markets in quest of increased valuations.

For Washington, the initiative displays the Trump administration’s push towards technology-neutral digital asset regulation, a stance supposed to speed up innovation whereas sustaining monetary stability.

Recent months have seen rising calls from trade teams on each side of the Atlantic for governments to present readability on digital asset regulation.

Sources acquainted with the London discussions stated the settlement was finalized at quick discover, following letters from crypto associations urging the UK to prioritize digital property throughout Trump’s go to.

By strengthening transatlantic ties, the duty drive goals to cut back burdens for UK and U.S. companies elevating capital throughout borders whereas laying the inspiration for a coordinated strategy to digital property.

Officials stated the initiative reaffirms the “deep and historic connection” between the 2 economies and represents a milestone in getting ready markets for the subsequent part of monetary innovation.

At the time of the announcement, each governments emphasised that stability, belief, and innovation would information the group’s work, with the primary set of suggestions anticipated in early 2026.

Chainalysis Ranks U.S. Second in Adoption as UK Pushes Faster Crypto Approvals

The launch of the UK–US crypto activity drive comes as each international locations advance their home approaches to digital asset regulation.

The latest Chainalysis Global Crypto Adoption Index ranks the United States second worldwide, reflecting robust institutional participation and momentum from regulatory progress.

The UK stands at eleventh however stays one of many largest world hubs, serving as Coinbase’s second-biggest market after the U.S. Industry heavyweights have poured funding into London whereas lobbying for clearer guidelines.

Britain’s FCA has not too long ago accelerated critiques, cutting approval times by two-thirds. Since April, 5 companies, together with BlackRock and Standard Chartered, have acquired registration, lifting approval charges to 45% in contrast to lower than 15% over the previous 5 years.

Still, functions have declined as stricter guidelines take maintain, dropping from 46 in 2022–23 to 26 in 2024–25.

Further tightening is underway. From January 2026, crypto platforms must collect detailed customer information on every trade, according to the OECD’s world reporting framework.

The FCA can be consulting on whether or not crypto companies should face the same standards as banks, together with governance, monetary crime controls, and shopper safety duties.

Across the Atlantic, within the U.S., lawmakers are considering a Strategic Bitcoin Reserve. Congress is reviewing a invoice requiring the Treasury to assess the feasibility of a Strategic Bitcoin Reserve, drawing on the federal government’s holdings of up to 207,000 BTC seized from cybercrime instances.

Meanwhile, the White House hosted its first crypto summit, underscoring efforts to embed digital property inside the U.S. monetary system.

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