Summary
- The Financial Times reported that the UK and the US discussed ways to strengthen regulatory cooperation on virtual assets.
- It said that stablecoin regulation was addressed as a key agenda item in the talks.
- It reported that the UK government expects the cooperation will help increase access to the US market and attract investment.
The UK and the US are expected to strengthen regulatory cooperation in the digital asset sector, including virtual assets (cryptocurrencies).
On the 16th (local time), according to the Financial Times (FT), Rachel Reeves, the UK Chancellor of the Exchequer, and Scott Bessent, the US Treasury Secretary, discussed ways to align regulations for virtual assets and capital markets at a recent meeting. The meeting also included major virtual asset companies such as Coinbase, Circle, and Ripple, as well as global banks like Citi, Bank of America, and Barclays.
The talks were reportedly hastily arranged after industry groups urged that digital assets and blockchain be included in bilateral cooperation ahead of President Trump's state visit. In particular, stablecoin regulation was treated as a key agenda item.
The UK government expects this cooperation will help improve access to the US market and boost investment attraction.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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