US and UK create digital assets and capital markets task force
30 September 2025 US, UK
Image: Séverine_MARTIN/stock.adobe.com
The US and UK have launched a joint task force to establish policy recommendations for digital assets, capital markets, and other innovative financial activities.
The Transatlantic Taskforce for Markets of the Future will be chaired by HM Treasury and US Treasury officials, and will include representatives from UK and US regulators involved in capital markets and digital asset regulation.
The body will feed back recommendations from these sectors to both finance ministries and through the UK-US Financial Regulatory Working Group.
The taskforce will set out to find potential for short-to-medium term collaboration on digital assets while legislation and regulatory are evolving, along with opportunities for longstanding partnership and wholesale digital markets innovation.
The agreement comes after UK Chancellor of the Exchequer Rachel Reeves and the US Treasury Secretary Scott Bessent agreed to establish the taskforce during President Donald Trump’s state visit to Britain.
It will also seek better connections between capital markets to increase the rise and competitiveness of both the UK and US markets, concentrating on decreasing the difficulties for UK and US firms generating capital cross-border.
The taskforce will need to meet its 180-day deadline and receive feedback from leading experts to ensure recommendations are most relevant to the industry.
Nick Jones, founder and CEO of Zumo, comments: “This is great news for the industry and helps to extend the ‘Special Relationship’ into the digital age.
“Through the GENIUS Act and other progressive regulatory developments, the US has shown real leadership in the burgeoning digital assets sector, and by announcing this alignment the UK is starting to finally show its own intentions.”
Jones adds: The taskforce will hopefully now enable the emergence of short-term benefits that will provide a timely boost for the sector while the longer-term regulatory framework is still being defined.
“The Treasury has said the group will explore ways in which to reduce the burden of cross-border financing, which will be a welcome start, and I hope that the taskforce draws on the inherent advantages of the UK market — such as its fintech talent, strong investor appetite for digital assets, and world-renowned financial services and legal structures — to unlock the sector’s considerable potential to supercharge much-needed economic growth.”
The Transatlantic Taskforce for Markets of the Future will be chaired by HM Treasury and US Treasury officials, and will include representatives from UK and US regulators involved in capital markets and digital asset regulation.
The body will feed back recommendations from these sectors to both finance ministries and through the UK-US Financial Regulatory Working Group.
The taskforce will set out to find potential for short-to-medium term collaboration on digital assets while legislation and regulatory are evolving, along with opportunities for longstanding partnership and wholesale digital markets innovation.
The agreement comes after UK Chancellor of the Exchequer Rachel Reeves and the US Treasury Secretary Scott Bessent agreed to establish the taskforce during President Donald Trump’s state visit to Britain.
It will also seek better connections between capital markets to increase the rise and competitiveness of both the UK and US markets, concentrating on decreasing the difficulties for UK and US firms generating capital cross-border.
The taskforce will need to meet its 180-day deadline and receive feedback from leading experts to ensure recommendations are most relevant to the industry.
Nick Jones, founder and CEO of Zumo, comments: “This is great news for the industry and helps to extend the ‘Special Relationship’ into the digital age.
“Through the GENIUS Act and other progressive regulatory developments, the US has shown real leadership in the burgeoning digital assets sector, and by announcing this alignment the UK is starting to finally show its own intentions.”
Jones adds: The taskforce will hopefully now enable the emergence of short-term benefits that will provide a timely boost for the sector while the longer-term regulatory framework is still being defined.
“The Treasury has said the group will explore ways in which to reduce the burden of cross-border financing, which will be a welcome start, and I hope that the taskforce draws on the inherent advantages of the UK market — such as its fintech talent, strong investor appetite for digital assets, and world-renowned financial services and legal structures — to unlock the sector’s considerable potential to supercharge much-needed economic growth.”
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