U.S. and U.K. regulators said they will keep working together on digital-asset oversight after the 13th meeting of the U.S.-U.K. Financial Regulatory Working Group, held in London on July 8. A joint statement released on Aug. 4 said the two sides reviewed stablecoin regulation, the U.S. digital asset market structure agenda, tokenization, and the U.K.’s digital strategy for wholesale financial markets. U.S. officials also briefed their British counterparts on progress in implementing the GENIUS Act and on related market structure work. The meeting also covered payments modernization and the G20 cross-border payments roadmap, which is aimed at improving cross-border payments. No new policy measures came out of the session. Still, both sides said they would coordinate regulation in key areas of the digital asset industry and back responsible digital asset innovation within frameworks tied to financial stability and international regulatory cooperation. Separately, on July 14, the Transatlantic Taskforce for Markets of the Future published preliminary recommendations and a joint stablecoin statement, which both governments said would support ongoing bilateral cooperation in digital assets and capital markets.
U.S. and U.K. regulators reaffirmed plans to deepen financial regulatory cooperation at the 13th meeting of the U.S.-U.K. Financial Regulatory Working Group in London on July 8.
A joint statement released on Aug. 4 said the two sides discussed stablecoin regulation, the U.S. digital asset market structure agenda, tokenization, and the U.K.’s digital strategy for wholesale financial markets. During the meeting, U.S. officials briefed U.K. counterparts on progress in implementing the GENIUS Act and on work tied to digital asset market structure.
Participants also reviewed payments modernization and the G20 cross-border payments roadmap, which the statement said is intended to improve cross-border payments.
The meeting did not produce any new policy measures. Even so, both sides said they would coordinate regulation across key areas of the digital asset industry and support responsible digital asset innovation within frameworks centered on financial stability and international regulatory cooperation.
Separately, on July 14, the Transatlantic Taskforce for Markets of the Future, a joint U.S.-U.K. initiative focused on financial innovation and capital markets cooperation, released preliminary recommendations and a joint stablecoin statement. The two governments said those steps would lay the groundwork for continued cooperation on digital assets and capital markets.
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