US and UK Strengthen Digital Asset Oversight Framework

The US and UK have reaffirmed their commitment to closer financial regulatory cooperation during a recent bilateral working group, highlighting their shared framework for digital asset oversight.

During the 13th meeting of the UK-US Financial Regulatory Working Group (FRWG) in London on July 8, officials discussed stablecoin regulation, digital asset market structure in the US, tokenization, and the UK's Wholesale Financial Markets Digital Strategy.

The meeting did not produce new policy measures, but it underscored a shared commitment to coordinating regulation across key areas of the digital asset industry. The statement struck a broadly supportive tone toward 'responsible' digital asset innovation while emphasizing financial stability and international regulatory cooperation.