The UK and US have agreed to form a joint taskforce to strengthen cooperation on capital markets and digital assets, signaling a new phase in transatlantic financial collaboration.
The move came during President Donald Trump’s state visit to the UK last week, where both governments unveiled a series of initiatives to bolster economic ties.
A Transatlantic Effort
According to Bloomberg, the new body, called the Transatlantic Taskforce for Markets of the Future, will focus on lowering barriers for companies raising capital across borders. It will also explore avenues for cooperation on digital assets while legislative frameworks in both countries continue to evolve.
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The taskforce will deliver recommendations within 180 days. It will be chaired by officials from both finance ministries, with input from regulators and industry experts to ensure that its findings reflect the needs of businesses.
Even after leaving the European Union, the UK remains a global financial powerhouse. TheCityUK, a lobbying group, notes that finance and professional services contribute more than 12% of the country’s GDP. For many in the City of London, closer ties with Wall Street offer a way to counterbalance the reduced access to European markets.
“The establishment of this important initiative between the US and the UK marks a pivotal step forward in advancing responsible innovation in blockchain and digital assets,” Dante Disparte, the Chief Strategy Officer and Head of Global Policy at Circle, commented.
Crypto at the Forefront
The UK has emerged as a major hub for digital assets, often ranked as the second-largest market for exchanges such as Coinbase, after the US. This status has drawn significant investment from global crypto firms and increased engagement with policymakers.
Across the Atlantic, the White House held its first crypto summit earlier this year, underscoring Washington’s growing focus on digital assets. President Trump has issued several executive orders aimed at embedding crypto into the broader financial system.
The taskforce is expected to deliver its first findings by early next year. Its recommendations could help shape how London and Washington align financial regulation and digital asset policy in the years ahead, potentially setting a benchmark for other global financial hubs.
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This article was written by Jared Kirui at www.financemagnates.com.
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