The UK and US have established a special working group to discuss regulatory cooperation on digital assets.

[Chain News] PANews September 22, according to reports, to promote the development of the Financial Service industry in the UK, the UK and the US have established a "Future Markets Special Working Group" to explore cooperation in the regulation of the Capital Market and digital assets. UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent agreed to form this official group after holding talks, which took place before US President Trump’s state visit to the UK. When the special working group was announced on Monday, details about the specific areas of focus in the Capital Market and digital assets, as well as potential forms of cooperation, were not provided. The UK Treasury stated that the "Transatlantic Future Markets Special Working Group" will study proposals for short-term and medium-term cooperation on digital assets while the legislative and regulatory framework is gradually improved. The UK Treasury also indicated that the group will focus on "reducing the burden of cross-border financing for UK and US companies." The special working group will be co-chaired by officials from the UK and US Treasuries and will submit a proposal report within 180 days. Members will include regulatory agencies from both sides of the Atlantic responsible for Capital Market and digital asset regulation.