US-UK crypto pact sets direction, not binding rules
The United States and the United Kingdom have issued 10 recommendations for stablecoins, tokenized securities, and cross-border finance, although the proposals have not created enforceable rules. SummaryTen recommendationscover digital assets, capital markets, and cooperation between U.S. and UK regulators.A proposed one-year industry groupwould test cross-border uses for tokenized financial assets.Both governments want a pathway for regulated stablecoinsto enter each others markets.Frank Hepworth said the recommendations produce very little immediate market impactwithout domestic rules. The Transatlantic Taskforce for Markets of the Future published the recommendations on July 14, setting priorities for cooperation between two of the world‘s largest financial centers without replacing either country’s regulatory process. Established in September 2025 by U.S. Treasury Secretary Scott Bessent and UK Chancellor Rachel Reeves, the task force brought together officials from the Treasury departments, the Federal Reserve, the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Bank of England, and the Financial Conduct Authority. Five recommendations deal with digital assets. The remaining five address capital raising, foreign issuer requirements, consolidated market data, swap-trading supervision, and international accounting standards. You might also like: US, UK deepen stablecoin talks after GENIUS Act New Market Trading CEO Frank Hepworth told crypto.news that the cooperation responds to a basic conflict between global digital