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UK and US to smooth capital markets access and crypto cooperation
Published by Global Banking and Finance Review
Posted on September 22, 2025
2 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 22, 2025
2 min readLast updated: January 21, 2026
The UK and US are forming a taskforce to streamline capital markets access and align crypto regulations, enhancing transatlantic financial cooperation.
LONDON (Reuters) -The governments of Britain and the United States will set up a body to reduce red tape for firms seeking to access capital markets on both sides of the Atlantic and improve cooperation on crypto assets, Britain's finance ministry said on Monday.
The Transatlantic Taskforce for Markets of the Future will report back within 180 days on ways to enhance collaboration in the short term and on longer-term options, including in wholesale digital markets, the Treasury said.
Creation of the taskforce was approved by British finance minister Rachel Reeves and U.S. Treasury Secretary Scott Bessent last week when President Donald Trump made a state visit to Britain.
U.S. and UK finance ministry officials will chair the new body that will also include regulators from both countries.
Britain's financial services industry has struggled to maintain its pre-eminence in Europe after the Brexit vote in 2016, and many companies have moved their primary stock market listing to the United States.
To try to boost its digital assets industry, Britain has sought to align its approach to crypto to that of the U.S. by using existing regulation to regulate the sector instead of creating new rules, as the European Union has done.
(Writing by William Schomberg; editing by Barbara Lewis)
A capital market is a financial market where long-term debt or equity-backed securities are bought and sold. It enables companies to raise funds for growth and development.
Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates on decentralized networks based on blockchain technology.
Brexit refers to the United Kingdom's decision to leave the European Union, which has significant implications for trade, regulations, and financial services.
Crypto regulation involves the legal frameworks and guidelines governing the use, trading, and management of cryptocurrencies to ensure security and compliance.
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