UK trade groups are pushing for blockchain technology to be included in the UK-US “Tech Bridge” collaboration. A joint letter from 12 trade groups highlights the importance of distributed ledger technology in shaping the future of finance. Trump has shown support for blockchain and cryptocurrencies during his second term in the White House.

The UK Cryptoasset Business Council (UKCBC) and other trade groups stress the transformative potential of distributed ledger technology in driving financial services advancements. Plans include establishing a transatlantic corridor for payments in stablecoins and tokenizing traditional financial instruments. Trump’s attendance at the upcoming UK visit is uncertain due to recent events.

In the UK, a public petition for a pro-innovation blockchain strategy gained momentum, with crypto exchange Coinbase supporting the initiative. A quarter of British adults are open to cryptocurrencies in retirement plans. The UK’s financial regulator has lifted a ban on crypto exchange-traded notes for retail investors, effective from Oct. 8.

Read more at Cointelegraph: UK trade groups urge gov to add blockchain to US tech deal