Treasury authorities in the United States and the United Kingdom have announced the formation of a transatlantic working group to explore the “collaboration in short-of which is attempted on digital assets”.
In the opinions of Monday, the Department of the US Treasury and HM Treasury said that the cross-country effort, which takes place in the already established financial regulatory working group, would publish a relationship with recommendations within 180 days.
The new working group, called the Transatlantic working group for the markets of the future, will examine cryptographic laws and regulations as well as on the way in which the two countries can collaborate on “wholesale innovation of digital markets”.
The announcement follows a Financial Times report on a meeting last week between the British Chancellor Rachel Reeves and the US Treasury Secretary Scott Bessent on the way the two countries could work together on cryptographic regulations.
The discussion would have included representatives of several cryptocurrency companies. At the same time, the working group said on Monday that it should “ask for comments from the main experts in the industry to ensure that its recommendations are informed by what matters most for industry”.
The US Treasury has not explicitly indicated whether the training of the working group was linked to legislation linked to the Congress crypto, such as the law to establish a framework for payment staboins, the Act on Engineering. Under the bill, signed in July, the US Treasury Department is required to write regulations with the Federal Reserve before implementation.
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Cryptocurrency Exchange Coinbase shared the US-UK American announcement on his blog on Monday, saying that he was “proud” to support the partnership. Daniel Seifert, vice-president of exchange and regional director general for Europe, the Middle East and Africa, was present in discussions between Reeves and Bessent, according to a spokesperson for Coinbase.
Approaches similar to the regulation of cryptography?
The United States and the United Kingdom have both taken action to resolve regulatory problems affecting digital assets and companies managing them in 2025. British Prime Minister Keir Starmer met US President Donald Trump last week, signing a memorandum of understanding to explore the development of technologies, including artificial intelligence, although the agreement is not legally binding.
While the British treasure under Reeves said in April that it would focus on the rules of cryptography to “support innovation while repressing fraudsters”, the American side under Bessent has pushed an approach that suggests reducing the regulations.
The Secretary in the United States of the Treasury said in August that the ministry would explore the “non-budgetary routes” to acquire Bitcoin (BTC) as part of the American government’s crypto reserve plans.
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