The UK and the US have established a digital asset regulatory group to strengthen encryption finance and digital market innovation.

US Treasury Secretary Scott Bessent ( and UK Chancellor of the Exchequer Rachel Reeves ) announced the establishment of the Transatlantic Taskforce for Markets of the Future ( on September 22, focusing on regulatory cooperation in the fields of crypto assets and digital assets between the two countries. This move is the latest development following the meeting between US President Trump and UK Prime Minister Keir Starmer ) last week, where the two countries will present specific proposals within 180 days and invite industry leaders to participate.

Trump's state visit to the UK strengthens regulatory cooperation on digital assets between the two countries.

This news was announced during Trump's state visit to the UK, and the newly established task force aims to assist businesses from both countries in cross-border fundraising more smoothly, while also strengthening cooperation on regulation and policy regarding Crypto Assets, especially at this critical moment when the digital asset regulations in both countries are still being adjusted.

Submit preliminary proposals within 180 days to align regulatory directions between the UK and the US.

The group will be chaired by officials from the finance ministries of both countries, and representatives from regulatory agencies and industry experts will be invited to participate. The main core objectives are:

Explore short- to medium-term regulatory cooperation solutions for digital assets.

Research "Wholesale Digital Markets Innovation" (Wholesale Digital Markets Innovation)

Gather industry expert opinions to ensure that the recommendations meet actual needs.

It is expected that the first report will be submitted within 180 days, with specific recommendations likely to be seen as early as the beginning of next year. These recommendations will serve as an important basis for future coordination between the UK and the US in promoting financial regulation and digital asset policy directions, and are also expected to become a model for other global financial centers.

Digital assets become the focus of cooperation, with the government and industry united in support.

This program specifically identifies "digital assets" as the core, highlighting the important position of encryption finance in the global financial system. Following the announcement of this collaboration, Circle's Chief Strategy Officer and Global Policy Head, Dante Disparte, also stated on LinkedIn that this is an important milestone in promoting "innovation and trust" in blockchain and digital assets.

The UK Chancellor of the Exchequer, Kwasi Kwarteng, also posted on Twitter (X) after the announcement, praising the cooperation between the two countries.

New international connections of the financial hub London City after Brexit

Although the UK has left the EU, London remains a global financial hub. According to data from the UK financial lobbying group TheCityUK, the output of London’s financial and related professional services accounts for over 12% of the UK GDP.

This collaboration between the UK and the US is a shot in the arm for financial hubs like London, as a closer connection with the US capital markets can not only fill the gap left by the loss of the European single market but also help attract global funds and startups to invest in London.

( US-UK meeting! Stablecoins and Crypto Assets regulation are core topics, and discussions on a multinational digital securities sandbox are underway )

This article discusses the formation of a digital asset regulatory group by the UK and the US to strengthen innovation in Crypto Assets finance and digital markets, which first appeared on Chain News ABMedia.