United States and the U.K. To Announce Closer Crypto Cooperation With Focus on Stablecoins: Report
The post United States and the U.K. To Announce Closer Crypto Cooperation With Focus on Stablecoins: Report appeared first on Coinpedia Fintech News
The United States and the United Kingdom are exploring ways to cooperate on digital asset regulations and adoption. According to people familiar with the matter, who spoke to the Financial Times, the United Kingdom is seeking to close its crypto regulatory gap with the United States to foster mainstream adoption of digital assets.
Furthermore, the United States has made significant strides in crypto regulations under President Donald Trump. For instance, the Trump administration has eliminated Operation Chokepoint 2.0 in addition to enacting the Genius Act into law to enhance stablecoin payments.
What to Expect of the U.S. and U.K. Crypto Cooperation
According to the FT report, the crypto cooperation between the U.S. and the U.K. was discussed on Tuesday between US Treasury Secretary Scott Bessent and Chancellor Rachel Reeves. The two groups discussed crypto cooperation as part of the tariff talks with key attendees including web3 companies led by Coinbase Global Inc. (NASDAQ: COIN), Circle, and Ripple Labs.
According to the U.K. officials, the crypto cooperations will entail regulatory alignment to help attract more U.S. cryptocurrency companies to the country seamlessly. The U.K. -U.S. crypto cooperation talks are expected to continue later this week when President Trump will meet with Britain’s Prime Minister Sir Keir Starmer.
The U.K. is keen on introducing clear crypto regulations to match the United States, especially on stablecoins. Furthermore, the U.S. has led other nations in using stablecoins to retain its global currency dominance.
“On crypto and stablecoins, as on too many other things, the hard truth is this: we’re being completely left behind. It’s time to catch up,” George Osborne, a former Conservative chancellor and now a member of Coinbase’s global advisory council, noted.
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