U.S. and U.K. Launch Joint Task Force to Align Crypto and Capital Markets Regulation

The U.S. and U.K. have formed a Transatlantic Taskforce to enhance cooperation on capital markets and digital assets. Announced by U.K. Chancellor Rachel Reeves and U.S. Treasury Secretary Scott Bessent, the initiative will involve officials from both nations' treasuries and financial regulators.

Digital assets are a key focus, with the taskforce aiming to develop oversight frameworks and explore opportunities in wholesale digital markets. The group will deliver recommendations within 180 days, working closely with private sector stakeholders.

"London and New York remain the twin pillars of global finance," Reeves stated, emphasizing the need for alignment as technology transforms markets. Bessent echoed this sentiment, calling the effort a commitment to borderless financial innovation.

The taskforce will examine both immediate measures—such as facilitating cross-border crypto use during regulatory uncertainty—and long-term strategies for advancing digital market infrastructure.