FT "U.S. and U.K. strengthen cooperation on virtual asset supervision"

Son Min

Summary

The United States and the United Kingdom are expected to cooperate to strengthen supervision of the virtual asset industry.
It reported that industry representatives such as Ripple and Coinbase and major financial firms attended the discussions.
It reported that strengthening cooperation between the United States and the United Kingdom would contribute to maximizing the potential of blockchain technology.

The United States and the United Kingdom are expected to cooperate more closely on supervision of the virtual asset (cryptocurrency) industry.

On the 17th (local time), the Financial Times reported that U.S. Treasury Secretary Scott Bessent and UK Prime Minister Rachel Reeves discussed ways to cooperate to strengthen supervision of the virtual asset industry. The meeting was reported to have been attended not only by industry representatives such as Ripple and Coinbase but also major financial firms such as Bank of America, Barclays, and Citibank.

Kasey Craddock, Executive Director of Ripple, said, "Strengthening cooperation between the United States and the United Kingdom will greatly contribute to drawing out the full potential of blockchain technology in both countries."