U.S. and U.K. Launch Task Force for Crypto and Capital Markets

The U.S. and U.K. have launched a Transatlantic Taskforce to enhance cooperation on capital markets and digital assets.
Announced by U.K. Chancellor Rachel Reeves and U.S. Treasury Secretary Scott Bessent, the task force includes officials from HM Treasury, the U.S. Treasury, and regulatory bodies.
Aims include developing oversight approaches for digital assets and exploring wholesale digital market opportunities.
The group will provide reports and recommendations within 180 days through the U.K.–U.S. Financial Regulatory Working Group.
Focus areas include short-term measures for cross-border use cases and long-term strategies for digital market infrastructure.
The initiative is seen as a step towards aligning the U.K. more competitively with the U.S.'s pro-innovation agenda in digital assets.
Collaboration aims to set standards of transparency and accountability, potentially becoming a global benchmark.