US and UK Create Joint Crypto Task Force to Shape Future Regulations
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The United States and United Kingdom announced a major partnership on September 22, 2025, to work together on cryptocurrency rules. The two countries will create the “Transatlantic Taskforce for Markets of the Future” to develop shared policies for digital assets. UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent agreed to form this group during President Donald Trump’s recent state visit to Britain. The task force has 180 days to create recommendations for both governments. This marks the first time these two financial powerhouses have joined forces specifically to tackle crypto regulation. The move comes as both countries race to create clear rules for the fast-growing digital asset industry. What the Task Force Will Do The new task force has two main jobs. First, it will find ways for the US and UK to work together on digital asset rules while both countries are still writing their laws. Second, it will look for ways to make it easier for companies to raise money across both markets. The group will be led by officials from both the US Treasury and UK Treasury departments. It will also include regulators from both countries who handle financial markets and digital assets. “These recommendations are to be developed in close collaboration with industry partners ensuring we unlock opportunities for investors, businesses, and market participants on both sides of the Atlantic,” the US Treasury Department said in its announcement. Industry Leaders Show Support Major financial and crypto companies played a key role in shaping this partnership. Bank of America, Barclays, Circle, Citi, Coinbase, and Ripple all sent representatives to meetings between the two governments. Dante Disparte from Circle called the task force a “pivotal step forward.” He said the partnership would help create “safer, more resilient markets” while making sure these technologies benefit people globally.…
Filed under: News - @ September 23, 2025 6:29 am