The US and UK announced the establishment of the "Future Markets Working Group" to jointly build a new regulatory framework for Crypto Assets.

The United States and the United Kingdom announced the establishment of a "Future Markets Working Group" aimed at strengthening cooperation in capital market and encryption regulation. The agreement was reached during talks between UK Chancellor of the Exchequer Rachel Reeves and US Treasury Secretary Scott Bessent at Downing Street, just before President Trump’s state visit to the UK.

Although the statement did not disclose specific details on the key focus areas of the working group, it emphasized the mutual interest of both parties in promoting cooperation in the growing digital assets market. The context of this initiative is particularly important, as the UK has been struggling to address the long-term stagnation of its capital markets. Many companies have chosen to relocate their listings from London to New York, where there are higher valuations and a more favorable regulatory environment.

Meanwhile, under the leadership of the current Trump administration, the United States actively embraced the Crypto Assets industry, appointing crypto-friendly regulatory bodies, dismissing lawsuits against major participants, and enacting landmark stablecoin management legislation. In contrast, the UK has faced criticism from Crypto Assets executives for its slow regulatory response, which has left it trailing behind the US and other competitive financial centers.

The UK Treasury stated that the newly established special working group will explore short-term and medium-term cooperation plans for digital assets while the regulatory framework is still being developed. In addition, the group will also work to simplify the process for UK and US companies seeking cross-border financing.

The working group is chaired by officials from the UK and US Treasury departments and is expected to include regulatory agencies responsible for overseeing capital markets and crypto assets on both sides of the Atlantic. The group's task is to submit a report within 180 days and propose recommendations on the best way to proceed.

In summary, this cooperation between the US and the UK reflects the common need of both countries to address the globalization of digital assets, and also demonstrates the UK’s efforts to reshape its financial competitiveness through strategic collaboration. However, whether this working group can find a balance between regulatory innovation and market vitality will be a key touchstone affecting the direction of both countries' Crypto Assets policies.

#美英金融合作 # Crypto Assets regulation