UK and US Form Taskforce to Strengthen Capital Markets and Crypto Collaboration

The UK and US have established the Transatlantic Taskforce for Markets of the Future, a joint initiative aimed at enhancing cooperation in capital markets and digital assets. Announced during President Donald Trump's state visit to the UK, the taskforce will focus on reducing cross-border capital-raising barriers and exploring collaborative opportunities in the evolving digital asset space.

Chaired by officials from both finance ministries, the taskforce is expected to deliver recommendations within 180 days. The MOVE underscores London's enduring role as a global financial hub post-Brexit, with TheCityUK highlighting that finance and professional services contribute over 12% of the UK's GDP.

The initiative signals a strategic pivot toward transatlantic financial integration, offering Wall Street and the City of London a framework to counterbalance reduced access to European markets. Regulatory and industry experts will contribute to ensure the taskforce's outcomes align with market needs.