US & UK Form Transatlantic Task Force to Align on Crypto Regulation

The U.S. and U.K. are teaming up to explore joint approaches to digital asset regulation, signaling closer cooperation on crypto oversight and market innovation.

• Recommendations on crypto collaboration expected within 180 days.
• Will study crypto laws, regulations, and wholesale digital market innovation.
• Leading crypto firms will help shape the task force’s recommendations.
• Follows meetings between UK Chancellor Rachel Reeves and U.S. Treasury Secretary Scott Bessent, with Coinbase among participants.
• The U.S. recently passed the GENIUS Act for stablecoin oversight; the U.K. continues to refine crypto rules to support innovation and crack down on fraud.

Treasury authorities from the United States and the United Kingdom have unveiled a joint initiative to coordinate on digital asset regulation. The Transatlantic Taskforce for Markets of the Future, announced Monday, will operate under the UK–US Financial Regulatory Working Group and release its first set of recommendations within 180 days.

The task force will focus on crypto laws, regulatory alignment, and the development of wholesale digital markets. It plans to solicit input from major industry players to ensure its guidance reflects real-world concerns.

The announcement followed a high-level meeting between UK Chancellor of the Exchequer Rachel Reeves and U.S. Treasury Secretary Scott Bessent. According to reports, representatives from several cryptocurrency companies, including Coinbase, participated in the discussions. Coinbase later said it was “proud” to support the partnership, noting that Daniel Seifert, its EMEA regional managing director, attended the talks.

The collaboration arrives amid evolving crypto regulatory landscapes in both countries. In the U.S., the recently enacted GENIUS Act requires the Treasury and Federal Reserve to establish a framework for payment stablecoins. The U.K., under Reeves, has pledged to foster crypto innovation while cracking down on fraud.

This announcement also follows broader tech cooperation: last week, U.K. Prime Minister Keir Starmer and U.S. President Donald Trump signed a memorandum of understanding to explore developments in technologies like artificial intelligence.

Final Thought

The creation of the Transatlantic Taskforce highlights a growing consensus between Washington and London that crypto markets need coordinated oversight. The next six months could set the stage for more harmonized digital asset regulations across the Atlantic.