Great Britain is preparing to align its cryptocurrency regulations with the United States following discussions between Chancellor Rachel Reeves and Treasury Secretary Scott Bessent, Financial Times reported on Wednesday.
The discussion arises while the United Kingdom seeks to correspond to the American approach of cryptocurrencies under the Trump administration, and responds to wider concerns concerning London competitiveness as a company listed in the United Kingdom are moving more and more in New York exchanges to seek higher assessments.
The Tuesday meeting included Coinbase representatives, Circle, Ripple and large banks, notably Citi, Bank of America and Barclays. Sources have described the rally as organized “last minute” after groups in the cryptographic industry put pressure on the British government before Trump’s state visit.
The proposed cooperation will focus on stablescoins and joint regulatory executives, British officials hoping that more in -depth alignment will increase British business access to American markets while attracting American investment.
The initiative highlights the struggle of Great Britain to compete with the enthusiastic policies of digital assets of America. While the Trump administration has adopted cryptocurrency, British regulators have maintained caution on systemic risks and volatility problems.
Former Chancellor George Osborne recently warned that Great Britain “was completely left” on the crypto, reflecting the growing frustration of industry in the face of regulatory hesitation which puts British businesses in a disadvantage.
The framework of cooperation includes bins of digital securities sand, allowing blockchain companies to test technologies on the two markets simultaneously. The announcement is expected during Thursday’s meetings between Trump and Prime Minister Keir Starmer.
