The US and UK collaborate to promote the future of Crypto

The US and UK are planning to cooperate to oversee the cryptocurrency market. UK Treasury Secretary Rachel Reeves and US Treasury Secretary Scott Bessent held a meeting with representatives from major financial institutions, including giants in the crypto industry such as Ripple, Circle, and Coinbase.#England

A golden opportunity for the crypto market

This move is an extremely positive signal, indicating that major governments are increasingly recognizing and seeking to collaborate to manage crypto more effectively. A representative from Ripple noted that this collaboration would help the UK become a global digital asset hub and fully harness the potential of blockchain.

The meeting took place against the backdrop of #SEC having proposed establishing a cross-border sandbox for crypto companies to experiment, showcasing the efforts of both countries to create a clear and favorable legal environment. Although the Bank of England (BOE) is being criticized for proposing tighter regulations on stablecoins, the highest-level cooperation between the US and UK remains an important step forward. It affirms that rather than prohibiting, economic powers are looking to integrate crypto into the global financial system. This promises a bright future, with more transparent regulations, attracting larger investments, and fostering innovation in the industry. #anh_ba_cong