The US and the UK are planning to announce new digital asset cooperation agreements, including crypto, according to sources close to the contract. The willingness to expand transatlantic adjustments in digital assets and capital markets was discussed Tuesday between Prime Minister Rachel Reeves and U.S. Treasury Secretary Scott Bescent, sources told the Financial Times.
With each FT, we reached a deal in the final discussion. After Crypto’s industry group wrote a letter to the UK government last Thursday ahead of this week’s visit to the state, the talks were organized to encourage the UK to include digital assets and blockchain in its new deal with the US. Additionally, the deal is expected to include Stablecoins, the code wave that the US is riding on later this year.
The United States has become largely in favour of the past year since Trump took office. The US SEC and the Federal Reserve are working on how agencies handle digital assets, loosen rules and restrictions, and provide even more transparency to industry rules. The UK has historically hesitated the industry and has implemented heavy MyCar Rules. However, this new deal with the US could lead to more crypto approvals in the UK.
Another source said he felt that “the UK has a great opportunity in digital assets,” and that the Trump administration’s embrace of the industry means that UK-US cooperation in the UK is “essential to unlock recruitment.” George Osborne, a former conservative prime minister and now a member of Coinbase’s Global Advisory Council, wrote last month in the financial era that the UK is far behind the US in its approach to cryptocurrency. “The hard truth is this, like so many others with Crypto and Stubcoin. We’re completely left behind. That’s the time to catch up.”
