A new workgroup could ensure uniform crypto regs across the US and Europe
The US and UK are taking a new step toward aligning digital asset policies with the launch of a joint task force aimed at shaping crypto regulations across both sides of the Atlantic. The initiative, announced Monday by the US Treasury Department and HM Treasury, will operate under the existing UK-US Financial Regulatory Working Group and is expected to deliver its first report within 180 days.
The UK and US are deeply linked with £1.2 trillion invested between us.
Today @SecScottBessent and I have established the Transatlantic Taskforce for Markets of the Future, enhancing collaboration on key topics such as capital markets and digital assets.https://t.co/gdtZFzMJXx
— Rachel Reeves (@RachelReevesMP) September 22, 2025
The task force, formally named the Transatlantic Taskforce for Markets of the Future, will focus on regulatory approaches for digital assets and explore innovations in wholesale digital markets. Both governments emphasized that industry perspectives will play a key role, noting that input from cryptocurrency firms and financial technology experts will be sought during the process.
The timing of the announcement follows a meeting in London last week between UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent, which included representatives from several major crypto companies. According to officials, those discussions centered on finding ways to strengthen cooperation in regulating a rapidly evolving sector while balancing innovation with consumer protection.
While the US Treasury has not explicitly tied the task force to pending legislation, the move comes in the wake of July’s GENIUS Act, a landmark law establishing a framework for stablecoins. That law requires the Treasury and Federal Reserve to draft new rules for payment-based digital assets, signaling Washington’s growing commitment to structured oversight.
Industry leaders have already voiced support. Coinbase shared the announcement publicly, with its Vice President for EMEA Operations, Daniel Seifert, participating in the recent UK-US talks. The exchange framed the collaboration as a crucial opportunity to establish clearer international standards.
Both governments have expressed slightly different approaches—London has signaled a priority of fostering innovation while combating fraud, whereas Washington has focused on financial stability and budget-neutral integration of Bitcoin reserves. Still, the task force underscores a shared recognition that crypto markets are global, and a coordinated regulatory approach could help shape the future of cross-border finance.
