The United Kingdom and the United States have announced the creation of a new “Task Force for Markets of the Future”, designed to strengthen cooperation between the two countries on capital markets and digital asset regulation. The move is seen as London’s attempt to reinvigorate its financial sector while aligning more closely with U.S. crypto policy under President Donald Trump.
Joint push on stablecoins and AML standards
According to Bloomberg, the task force was formed following talks between UK Chancellor Rachel Reeves and U.S. Treasury Secretary Scott Bessent. Its primary focus will be to harmonize regulations around stablecoins and establish unified AML (anti-money laundering) standards for crypto firms operating across both markets.
The initiative follows earlier reports of regulatory alignment and comes just days after President Trump’s official visit to the UK. The task force is expected to reinforce transatlantic ties in the digital asset space.
It will be led by both countries’ finance ministries, with participation from regulators overseeing digital assets. Within 180 days, it is set to deliver its recommendations. The group will also explore the creation of digital sandboxes, enabling cross-border testing of blockchain-based solutions.
UK lags behind, US pushes ahead
While the U.S. under Trump’s administration has embraced the crypto industry and appointed innovation-friendly regulators, the UK remains more cautious. Leaders within Britain’s crypto sector argue that a lack of clear rules is holding back the country’s growth in digital finance.
The task force aims to address these concerns. The UK Treasury has stated that, in the near and medium term, it will prioritize digital assets and reducing regulatory burdens for firms seeking to raise capital across both markets.
Positive reaction from the crypto industry
The British crypto industry welcomed the announcement. George Osborne, an adviser to Coinbase, warned that without modernized regulation, the UK risks falling behind: “If crypto is happening, we want it to happen here as well.”
The UK Crypto Asset Council also described the task force as a “vote of confidence in the British economy.” It believes the initiative could reignite crypto enthusiasm in London while strengthening transatlantic economic ties.
The partnership between London and Washington could mark a decisive step toward a unified framework for cryptocurrencies, stablecoins, and digital finance on both sides of the Atlantic.
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