UK and US Discuss Joint Efforts on Digital Asset Regulation

UK Chancellor Rachel Reeves and U.S. Treasury Secretary Scott Bessent held discussions on digital asset regulation.
The meeting included key financial entities like Bank of America, Barclays, Circle, Citi, Coinbase, and Ripple.
Cassie Craddock from Ripple emphasized the UK's potential as a hub for digital asset innovation due to its strong capital markets and talent pool.
The talks are part of the U.S.-UK Tech Bridge initiative, focusing on advanced technologies including AI and cybersecurity.
Industry groups advocate for the formal inclusion of stablecoins and tokenization in regulatory frameworks.
U.S. SEC Commissioner Hester Peirce proposed a "cross-border sandbox" for crypto firms to operate under joint oversight for two years.