Catenaa, Thursday, September 25, 2025-The United States and United Kingdom announced Monday the creation of a joint task force to guide policy for digital assets, marking a significant step toward coordinated transatlantic oversight of cryptocurrencies.
The Transatlantic Taskforce for the Markets of the Future will study short- to medium-term collaboration and long-term alignment on digital markets, according to a joint statement.
The group, led by U.S. Treasury Secretary Scott Bessent and UK Chancellor of the Exchequer Rachel Reeves, is expected to deliver a report within 180 days with recommendations for both governments.
Officials said the task force will work with industry stakeholders to identify opportunities in capital markets and digital assets while strengthening safeguards for investors and businesses.
The initiative follows recent meetings between US and UK finance officials and executives from major banks and crypto firms, including Bank of America, Barclays, Circle, Citi, Coinbase, and Ripple.
Industry leaders quickly welcomed the move.
Circle’s head of policy Dante Disparte called the partnership a pivotal step for safer and more resilient markets. Coinbase executive Daniel Seifert said the collaboration could expand liquidity, financial participation, and capital access across both economies.
The effort underscores growing urgency among regulators to craft harmonized rules for digital assets amid rapid adoption and evolving technologies.
Officials in Washington and London said closer coordination will be vital to balancing innovation with financial stability.
