What is Ripple Planning with UK? Company Chairman Meets UK Economy Secretary at Treasury

On November 12, 2025, Ripple Chairman Monica Long met with Economic Secretary to the UK Treasury Lucy Rigby to discuss how digital assets can boost the country’s competitiveness and growth. The meeting led to speculation about Ripple’s next move in the UK and the UK’s digital asset and blockchain ambitions. Long spoke to X to say that the UK “builds on its status as one of the world’s leading financial centres”.

Notably, Rigby’s role in financial regulation is not missed by the crypto community as it engages directly with Ripple. Meanwhile, Ripple director Cassie Craddock recently revealed that the company intends to capitalize on recent regulatory collaborations between the US and UK.

With a photo on it X, Rigby said: “Fascinating discussion with Monica Long from Ripple here in Singapore on promoting innovation in digital assets and our new dedicated support for global projects financial technology scaling in the UK.

After victories against the United States Securities and Exchange Commission (SEC), Ripple has applied to register as a crypto assets company with the United Kingdom’s Financial Conduct Authority (FCA).

It is a pleasure to welcome the United Kingdom’s Economic Secretary to the Treasury @LucyRigby at Ripple’s Singapore office to discuss how digital assets can drive the UK’s competitiveness and growth, building on its status as one of the world’s leading financial hubs. pic.twitter.com/dIB7SBH4RE

-Monica Long (@MonicaLongSF) November 12, 2025

Rigby also met with Kraken co-CEO Arjun Sethi. However, Sethi has openly criticized UK crypto regulations.

Nice to meet Arjun Sethi and his team at @krakenfx this afternoon to discuss the exciting opportunities for digital asset innovation in pic.twitter.com/b9Ayo93jYC

– Lucy Rigby KC MP (@LucyRigby) November 6, 2025

“UK users are locked out of around 75% of crypto products, including DeFi staking and lending,” the Kraken co-CEO said.

“In the UK today, if you visit any crypto website, including Kraken’s, you see the equivalent of a warning on a cigarette box: ‘use this and you’ll die,'” said Arjun Sethi, co-CEO of Kraken. “Because of the speed with which they have to complete the transaction, it’s worse for consumers. Disclosures are important but if there are 14 steps, it’s worse.”

Additionally, he criticized the UK’s strict crypto regulations as they hamper capital flows and harm user experience.

Sethi also said Kraken would not offer tokenized shares of private companies like Robinhood did, calling its tokenized OpenAI shares a “terrible idea.”

The crypto community on X showed their support for Sethi.

“UK regulations are certainly stifling growth. It’s like they’re pushing innovation through the back door. What about tokenized stocks? Total hype, with no real use,” said @DrigaDenis.

Honestly, Sethi is not wrong to turn his crypto scene into a museum in the UK.
When you lock in 75% of the market, innovation doesn’t stop, it just moves elsewhere.
DeFi is not the enemy, overregulation is.
And yes, the tokenization of private shares? This is reckless hype, not progress.…

—Joé | KOL and Alpha Crypto Influencer (@SelfSuccessSaga) November 12, 2025

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What is the US-UK Transatlantic Launch Working Group?

Recently, the US and UK governments announced a strategic partnership by creating a formal joint working group designed to reduce regulatory friction for companies seeking access to capital across all markets. Importantly, the joint working group will coordinate the two countries’ approaches to cryptocurrency oversight.

The task force was formed during Trump’s visit following high-level discussions between British Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent.

On September 22, 2025, the U.S. Department of the Treasury (DoT) released a statement saying: “The goal of the working group is to explore options for short- and medium-term collaboration on digital assets while legislative and regulatory regimes are still developing, as well as options for long-term collaboration and additional opportunities for innovation in wholesale digital markets.

According to the US DoT, “the transatlantic working group on future markets is expected to submit its report within 180 days”.

Explore: After Trump visit, Britain moves to cut crypto red tape: US, UK launch transatlantic working group

The article What is Ripple Planning with the UK? Company Chairman Meets UK Economy Secretary to Treasury appeared first on 99Bitcoins.

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