The UK and US have created a joint task force to enhance cooperation on digital asset regulation and capital markets, aiming to align both economies for innovation and stability. The Transatlantic Taskforce for Markets of the Future will focus on short- and long-term collaboration opportunities, including stablecoin oversight and asset custody.

The task force will be chaired by officials from HM Treasury and the US Treasury, with participation from regulators like the FCA and SEC. It will report back within 180 days, consulting industry experts to ensure recommendations benefit businesses and investors. Key areas of focus include anti-money laundering standards and interoperability of regulatory frameworks.

The UK and US aim to reduce burdens for firms raising capital across borders, focusing on stablecoins and digital assets. This initiative reflects a commitment to market competitiveness while adapting to technological advancements. Stability, trust, and innovation will guide the task force’s work, with recommendations expected in early 2026.

The UK is streamlining crypto approvals, with a 45% approval rate since April. Stricter rules have led to a decline in applications, prompting the FCA to consult on aligning crypto firms with banking standards. In the US, lawmakers are exploring a Strategic Bitcoin Reserve, while the White House hosted its first crypto summit to integrate digital assets into the financial system.

Read more at Yahoo Finance: UK and US Form Crypto Task Force to Shape Global Digital Assets Rules