US-UK Launch Transatlantic Task Force to Streamline Crypto Regulation

The US and UK governments have formed a joint task force aimed at reducing regulatory friction for financial firms operating across Atlantic markets, with a particular focus on cryptocurrency oversight. Announced during President Trump's state visit to Britain, the initiative emerged from high-level discussions between UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent.

The Transatlantic Taskforce for Markets of the Future will coordinate approaches to digital asset regulation while both nations' frameworks remain in development. Treasury Department officials emphasized the group's dual mandate: near-term collaboration on crypto policy and long-term wholesale market innovation. The move comes as £1.2 trillion in investments already flow between the two economies.