U.S. and U.K. Launch Joint Crypto Task Force to Boost Cross-Border Investment
On Monday, the U.S. and U.K. launched a new joint task force to improve cross-border capital flows into the crypto sector. The special alliance, aimed at strengthening ties between the two nations’ digital asset industries, will include regulators from both countries.
In brief
- U.S. and U.K. form a joint task force to strengthen cross-border crypto investment and regulatory alignment.
- Treasury departments from both nations to lead the initiative with support from financial regulators.
- Initial policy recommendations are expected within 180 days of the task force’s launch.
- Industry leaders say the move could accelerate adoption of stablecoins, tokenized assets, and crypto ETFs.
Transatlantic Taskforce Targets Crypto Regulation and Cross-Border Investment
British Finance Minister Rachel Reeves and U.S. Treasury Secretary Scott Bessent approved the Transatlantic Taskforce for Markets of the Future during President Donald Trump’s state visit to Britain last week.
The joint initiative will be headed by officials from both the U.S. Treasury Department and His Majesty’s Treasury. In addition, members of relevant financial agencies from both nations will be tasked with enforcing crypto regulations.
Primarily, the group will be responsible for promoting short-to-medium-term collaboration, as well as longer-term regulation of crypto assets. In tandem, the alliance is tasked with strengthening ties between British and American capital markets, as well as easing cross-border investment in digital assets.
According to the Monday statement, the task force is expected to roll out an initial policy recommendations report within the next 180 days.
New Alliance Gains Industry Backing
Experts in the crypto industry welcomed the initiative, with many saying it could help drive innovation across the ecosystem.
Circle’s chief strategy officer and head of global policy and operations, Dante Disparte, noted that the collaboration is a pivotal step in building a stronger global digital assets market.
James Butterfill, head of research at CoinShares, explained that the alliance will help ‘kick-start’ Britain’s crypto sector, which he admitted lagged far behind the U.S. in adoption.
A U.S.-UK framework might legitimize these products further, providing a path to mainstream adoption within global capital markets. If executed well, it could also encourage institutional investors who are waiting for clearer regulatory alignment.
James Butterfill
Butterfill added that the plan would also benefit tokenized securities, stablecoins, and exchange-traded crypto products by driving global usage.
Discussions on strengthening ties between the American and British crypto markets are not new. In 2024, SEC commissioner Hester Peirce, who also serves as the commission’s crypto task force chair, pitched a cross-border “digital securities sandbox” that would create an easy pathway for both jurisdictions to trial trading securities using blockchain networks.
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James Godstime is a crypto journalist and market analyst with over three years of experience in crypto, Web3, and finance. He simplifies complex and technical ideas to engage readers. Outside of work, he enjoys football and tennis, which he follows passionately.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.