Crypto’s New Power Couple? US and UK Set Sights on Unified Oversight

The United States and the United Kingdom are preparing to strengthen cooperation on cryptocurrency regulation, according to a report from the Financial Times.

This alone shows growing recognition from policymakers in both countries that cryptocurrencies are becoming a notable part of global finance and need coordinated oversight.

A Cross-Atlantic approach to oversight

UK Chancellor Rachel Reeves and U.S. Treasury Secretary Scott Bessent met on Tuesday to discuss the framework for closer engagement. The meeting included representatives from major financial institutions and crypto firms such as Bank of America, Barclays, Circle, Citi, Coinbase, and Ripple, the FT reported.

Ripple’s managing director for the UK and Europe, Cassie Craddock, described the effort as potentially creating “a template for international cooperation in our industry.”

In her statement, she pointed out that the UK’s position as a global financial hub makes it well placed to take a leadership role in digital asset innovation, while deeper collaboration with the U.S. could help unlock blockchain’s economic potential in both countries.

The discussion comes as industry groups in the UK have been lobbying for stablecoins and tokenization to be included in the U.S.-UK Tech Bridge, a bilateral initiative designed to foster collaboration across emerging technologies such as artificial intelligence, quantum computing, cybersecurity, and digital finance.

Without inclusion of digital assets, groups have warned, the UK risks losing momentum to other regions pushing ahead with regulatory clarity.

Building on proposals and political context

The initiative builds on previous suggestions for regulatory alignment, including a proposal by SEC Commissioner Hester Peirce for a “cross-border sandbox” that would allow firms to test crypto products under joint oversight for up to two years.

Advocates argue such measures could reduce uncertainty for companies operating across multiple jurisdictions and encourage responsible innovation.

The timing of the talks is notable, as they coincide with U.S. President Donald Trump’s visit to the UK this week. While the discussions were not directly tied to his visit, the backdrop indicates how crypto has moved firmly onto the agenda of high-level economic diplomacy.

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