The United Kingdom and the United States have established a joint regulatory task force for digital assets, called the Transatlantic Taskforce for Markets of the Future, announced on September 22, 2025. The initiative was formalized during U.S. President Donald Trump's state visit to the UK, with Treasury Secretary Scott Bessent meeting UK Chancellor Rachel Reeves at Downing Street the prior week.
The task force, chaired jointly by officials from HM Treasury and the U.S. Treasury, includes representatives from both nations' capital markets and digital asset regulators, such as the Financial Conduct Authority (FCA) and the Securities and Exchange Commission (SEC). It is set to report within 180 days to both finance ministries through the UK-US Financial Regulatory Working Group, with recommendations expected by early 2026. Key areas of focus include short-to-medium term digital asset coordination, long-term cooperation opportunities, wholesale digital markets innovation, and improving capital market links by reducing compliance burdens for cross-border capital raising.
Industry experts from firms like Coinbase, Circle, and Ripple, alongside global banks such as Citi and Barclays, provided input during discussions. The collaboration aims to address fragmented regulatory approaches, with stablecoin oversight, anti-money laundering standards, and interoperability being central themes. This effort builds on the historic financial relationship between London and New York and follows recent domestic moves, such as the Bank of England's proposed caps on stablecoin holdings.