TLDR
- US and UK treasuries launched joint crypto regulation task force on September 22, 2025
- 180-day timeline set for digital asset oversight recommendations
- Coinbase and other crypto firms participated in treasury discussions
- Task force aims to align cross-border cryptocurrency regulations
- Initiative could set global benchmark for digital asset rules
The United States and United Kingdom have established a groundbreaking joint task force to coordinate cryptocurrency regulation between the two financial superpowers. Announced September 22, 2025, the Transatlantic Taskforce for Markets of the Future represents the first major cross-border effort to align digital asset oversight.
UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent revealed the partnership during high-level meetings that included representatives from major cryptocurrency companies. The collaboration operates through the existing UK-US Financial Regulatory Working Group.
The task force has been given a strict 180-day deadline to produce actionable recommendations for cryptocurrency regulation. Officials will focus on both immediate cross-border use cases and long-term digital market infrastructure development.
Both treasury departments emphasized the importance of industry input in shaping future regulations. The task force plans to work closely with private sector experts to ensure recommendations address real market needs.
Crypto Industry Welcomes Partnership
Major cryptocurrency exchange Coinbase actively participated in the treasury discussions. Daniel Seifert, Coinbase’s regional director for Europe, Middle East and Africa, attended meetings between the two treasury chiefs.
Coinbase published a statement expressing strong support for the US-UK regulatory cooperation. The company described the partnership as a positive step for the global cryptocurrency industry.
Multiple cryptocurrency companies had representatives present during the treasury negotiations. Industry leaders view the collaboration as validation of digital assets’ growing mainstream acceptance.
Mark Aruliah from blockchain analytics firm Elliptic called the partnership a strong signal for global crypto regulation. He suggested the initiative could establish international standards if other countries adopt similar approaches.
Regulatory Approaches Differ Between Countries
The UK has pursued a balanced approach to cryptocurrency regulation under Chancellor Reeves. British authorities aim to support innovation while preventing fraud and protecting consumers.
The US has adopted a more pro-innovation stance under Treasury Secretary Bessent. American officials have explored reducing regulatory barriers and even acquiring Bitcoin for government reserves.
Despite different approaches, both countries recognize the need for coordinated digital asset oversight. The task force seeks to bridge regulatory gaps while maintaining each country’s policy priorities.
Cross-border cryptocurrency activities currently face complex compliance requirements. The partnership aims to streamline international digital asset transactions while preserving regulatory standards.
Global Impact Expected
The collaboration between London and New York, described as the “twin pillars of global finance,” could influence worldwide cryptocurrency regulation. Other major economies may adopt similar cooperative frameworks.
Treasury officials emphasized that financial innovation should not be limited by national borders. The partnership aims to create seamless digital asset markets between the two countries.
The task force will deliver final recommendations within six months. These guidelines could shape international cryptocurrency regulation for years to come, potentially affecting Bitcoin, Ethereum, and other digital assets globally.
