- US and UK create transatlantic task force to align digital asset rules and innovation.
- Group will deliver 180-day recommendations, consulting industry leaders to guide regulatory and market collaboration.
- Initiative complements GENIUS Act gaining strong support from Coinbase, CoinShares, and GSR.
The United States and the United Kingdom have formed a new joint task force aimed at advancing cooperation on digital assets and easing restrictions in cross-border capital markets. The initiative, titled the Transatlantic Taskforce for Markets of the Future, will operate under the UK-US Financial Regulatory Working Group.
Chaired by the US Treasury Department and HM Treasury, the task force will include regulators from both countries responsible for overseeing digital assets. Within 180 days, the group is scheduled to deliver a report with recommendations for regulatory approaches and collaborative opportunities in wholesale digital markets.
The launch followed a meeting between UK Chancellor of the Exchequer Rachel Reeves and US Treasury Secretary Scott Bessent, during which both parties discussed ways to align approaches to digital assets and capital flows. The task force will also consult industry specialists to ensure its proposals reflect market needs.
Industry Welcomes Move
The US-UK announcement drew support from industry participants. Coinbase noted its involvement in discussions between Reeves and Bessent and said it was “proud” to back the initiative. CoinShares research head James Butterfill added that closer collaboration could “kick-start” Britain’s crypto market, pointing out that the UK lags behind the US in adoption. He argued that harmonised rules could boost the use of tokenised securities, stablecoins, and exchange-traded products.
GSR’s vice president of research, Carlos Guzman, welcomed the move, saying it could strengthen the role of digital assets in both economies. Market participants have long expressed concern that differences in US and UK regulatory frameworks have hindered cross-border investment.
The announcement comes amid broader regulatory activity in both countries. The UK government has pledged to support innovation while tackling fraud, while in the US, the GENIUS Act, signed into law in July, established a framework for stablecoins.
Related: Tether Eyes US Institutional Launch Following GENIUS Act Approval
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