Currencies37864
Market Cap$ 2.23T-4.75%
24h Spot Volume$ 57.09B-13.6%
DominanceBTC55.30%+0.70%ETH8.95%-3.07%
ETH Gas8.39 Gwei
Cryptorank
/

United States and the U.K. To Announce Closer Crypto Cooperation With Focus on Stablecoins: Report 


United States and the U.K. To Announce Closer Crypto Cooperation With Focus on Stablecoins: Report 

Share:

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner
Why Bitcoin Is Up Today_ Trump’s UK Trade Deal Tease Sparks Rally

The post United States and the U.K. To Announce Closer Crypto Cooperation With Focus on Stablecoins: Report  appeared first on Coinpedia Fintech News

The United States and the United Kingdom are exploring ways to cooperate on digital asset regulations and adoption. According to people familiar with the matter, who spoke to the Financial Times, the United Kingdom is seeking to close its crypto regulatory gap with the United States to foster mainstream adoption of digital assets.

Furthermore, the United States has made significant strides in crypto regulations under President Donald Trump. For instance, the Trump administration has eliminated Operation Chokepoint 2.0 in addition to enacting the Genius Act into law to enhance stablecoin payments.

What to Expect of the U.S. and U.K. Crypto Cooperation

According to the FT report, the crypto cooperation between the U.S. and the U.K. was discussed on Tuesday between US Treasury Secretary Scott Bessent and Chancellor Rachel Reeves. The two groups discussed crypto cooperation as part of the tariff talks with key attendees including web3 companies led by Coinbase Global Inc. (NASDAQ: COIN), Circle, and Ripple Labs.

According to the U.K. officials, the crypto cooperations will entail regulatory alignment to help attract more U.S. cryptocurrency companies to the country seamlessly. The U.K. -U.S. crypto cooperation talks are expected to continue later this week when President Trump will meet with Britain’s Prime Minister Sir Keir Starmer.

The U.K. is keen on introducing clear crypto regulations to match the United States, especially on stablecoins. Furthermore, the U.S. has led other nations in using stablecoins to retain its global currency dominance.
“On crypto and stablecoins, as on too many other things, the hard truth is this: we’re being completely left behind. It’s time to catch up,” George Osborne, a former Conservative chancellor and now a member of Coinbase’s global advisory council, noted.

Read the article at Coinpedia

In This News

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

In This News

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

Read More

Just-In: US Senators Urge New Bitcoin, Crypto Capital Rules For Banks Amid CLARITY Act

Just-In: US Senators Urge New Bitcoin, Crypto Capital Rules For Banks Amid CLARITY Act

A group of pro-crypto US senators is pushing federal banking regulators to make chang...
Ripple Ally SBI Holdings Chair Bullish On CLARITY Act Despite Crypto Bloodbath

Ripple Ally SBI Holdings Chair Bullish On CLARITY Act Despite Crypto Bloodbath

The crypto market has experienced a gigantic sell-off in digital assets amid growing ...