The United States and United Kingdom have announced the creation of a new Transatlantic Taskforce on Digital Asset Regulation, a joint initiative designed to strengthen cryptocurrency oversight and promote innovation across global markets. US Treasury Secretary Scott Bessent and UK Chancellor Rachel Reeves unveiled the task force, which will examine both short-term and long-term opportunities for regulatory coordination in the fast-growing digital finance sector.
The transatlantic task force will publish a comprehensive report within 180 days, focusing on cryptocurrency regulation, digital asset markets, and broader financial innovation. According to Treasury Department officials, the recommendations will be developed in close consultation with the private sector, aiming to unlock opportunities for businesses and investors across both economies.
Preliminary discussions included financial executives from leading institutions such as Bank of America, Barclays, Circle, Citi, Coinbase, and Ripple. Their involvement underscores the significance of industry participation in shaping regulatory frameworks that can support innovation while ensuring market stability.
Industry Leaders Welcome Regulatory Coordination
Circle’s Chief Strategy Officer Dante Disparte described the partnership as a “pivotal step forward” in advancing transatlantic cooperation. He emphasized that harmonized regulation could help build safer, more resilient markets and extend the benefits of digital finance globally.
Coinbase’s Regional Managing Director Daniel Seifert also voiced strong support, noting that greater alignment between the US and UK could boost liquidity, widen financial participation, and generate new capital for businesses. He argued that this initiative will fuel innovation and expand financial inclusion on both sides of the Atlantic.
Reporting Through the UK-US Financial Regulatory Working Group
The task force will deliver its recommendations directly to both finance ministries via the existing UK-US Financial Regulatory Working Group. Officials confirmed that the initiative is not limited to cryptocurrency but will also explore capital markets, digital assets, and other cutting-edge areas of financial innovation.
Industry experts have praised the effort as a critical step in ensuring consistent and predictable regulatory standards. By coordinating oversight frameworks, the US and UK are signaling their intent to position themselves as global leaders in digital asset innovation while balancing the twin priorities of consumer protection and financial stability.
Global Push for Crypto Oversight
Governments worldwide have stepped up efforts to regulate digital assets as cryptocurrencies become increasingly integrated into financial systems. The European Union introduced its Markets in Crypto-Assets (MiCA) regulation earlier this year, while the US continues to debate comprehensive federal legislation.
By launching the Transatlantic Taskforce, the US and UK are responding to industry calls for clearer rules and cross-border coordination, reflecting a broader trend of governments seeking to strike a balance between encouraging innovation and safeguarding investors.
