US and UK Launch Joint Task Force to Rewrite Crypto Rules

The United States and the United Kingdom have announced the launch of a joint task force to coordinate efforts on cryptocurrency regulation, signaling one of the most significant international moves in the sector to date.

In a Monday release, the US Treasury Department and HM Treasury confirmed that the Transatlantic Taskforce for Markets of the Future will operate through the UK-US Financial Regulatory Working Group. The body has been tasked with delivering a report within 180 days outlining recommendations on digital asset rules, wholesale market innovation, and areas for cross-border collaboration.

The announcement comes shortly after UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent met in London to discuss crypto regulation. Several major crypto industry players, including Coinbase, were present at the talks. Coinbase later expressed support for the initiative, noting that Daniel Seifert, its regional vice president for EMEA, had attended the discussions.

According to officials, the task force will seek input from leading experts across the digital asset industry to ensure its proposals address real-world challenges. While the US Treasury has not directly linked the task force to active legislation, the move follows the passing of the GENIUS Act in July, which requires the Treasury and Federal Reserve to create a framework for stablecoin regulation.

Both countries have stepped up efforts to address the fast-evolving crypto landscape. The UK has pledged to foster innovation while cracking down on fraud, while the US has taken a more cautious tone. Notably, Treasury Secretary Bessent has hinted at exploring “budget-neutral pathways” to add Bitcoin to US reserves, further underscoring Washington’s shifting stance toward digital assets.

This joint initiative marks a pivotal step as two of the world’s largest economies align to influence the global future of crypto regulation.