The United States and United Kingdom are taking steps toward closer cooperation on digital asset regulation, a move that could align rules across two of the world's largest financial markets and make cross-border crypto activity smoother for businesses and investors.
According to the Financial Times, U.S. Treasury Secretary Scott Bessent met with U.K. Chancellor of the Exchequer Rachel Reeves in London last week to discuss coordinating rules for stablecoins, custody requirements, and anti-money-laundering (AML) standards. The talks also explored the possibility of creating a shared "regulatory sandbox," which would allow crypto firms to test new products under joint oversight before seeking full market approval.
