Britain is preparing to align its cryptocurrency regulations with those of the United States. This move follows discussions between UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent, as reported by the Financial Times. The decision is part of a broader effort by the UK to keep pace with the US, which has adopted a more crypto-friendly stance under the current administration.
The recent meeting, which was attended by representatives from major crypto firms like Coinbase, Circle, and Ripple, as well as banks such as Citi and Barclays, was reportedly arranged after lobbying from the crypto industry. The goal of this collaboration is to create a joint regulatory framework, with a specific focus on stablecoins and digital securities sandboxes.
UK officials hope that this closer alignment will make it easier for British crypto companies to access American markets and attract US investment. The UK has faced criticism from figures like former Chancellor George Osborne, who warned that the country was “being completely left behind” on crypto regulation, putting its companies at a disadvantage. The official announcement of the new cooperation framework is expected to be made during meetings between President Trump and Prime Minister Keir Starmer.
September 2025, Cryptoniteuae
