The UK and the US plan to strengthen cooperation on cryptocurrency regulation

ChainCatcher news, according to the Financial Times of the UK, the United States and the United Kingdom plan to engage in closer cooperation on cryptocurrency regulation.

The report states that UK Chancellor of the Exchequer Rachel Reeves discussed this cooperation with US Treasury Secretary Scott Bessent during a meeting on Tuesday. Representatives from institutions such as Bank of America, Barclays, Circle, Citigroup, Coinbase, and Ripple also attended the meeting. Cassie Craddock, Managing Director of Ripple UK and Europe, stated that this cooperation "is expected to set a benchmark for international collaboration in our industry, and the UK is now poised to become a leading center for digital assets and innovation. Strengthening international cooperation between the US and the UK will further unleash the economic potential of blockchain technology in both countries." Last week, industry groups urged the UK government to include stablecoins and tokenization in the "UK-US Tech Bridge" initiative.