The UK and US are set to unveil a joint agreement on digital assets, aimed at boosting regulatory alignment and cross-border investment. The announcement comes during President Donald Trump’s state visit to London and follows mounting pressure on the UK to support its digital asset sector.
UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed the agreement on Tuesday with leaders from banks and crypto firms, including Coinbase, Circle, Ripple, Citi, and Bank of America.
The deal represents a shift for the UK, which has been criticized for its cautious approach to crypto regulation. In contrast, the Trump administration has taken a more supportive stance. UK officials now believe alignment with the US is “vital to unlocking adoption” and encouraging companies to stay listed in London rather than move to U.S. markets.
Industry groups had earlier urged the UK government to prioritize crypto during the state visit, warning that local firms risk falling behind global competitors.
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