US-UK Cryptocurrency Pact Sets Direction for Cooperation

The United States and the United Kingdom have issued ten recommendations for stablecoins, tokenized securities, and cross-border finance. These proposals do not create binding rules, but rather set a direction for cooperation between two of the world's largest financial centers.

The Transatlantic Taskforce for Markets of the Future published the recommendations on July 14, setting priorities for cooperation without replacing either country's regulatory process. The task force was established in September 2025 by U.S. Treasury Secretary Scott Bessent and UK Chancellor Rachel Reeves.

Frank Hepworth, CEO of New Market Trading, said that the cooperation responds to a basic conflict between global digital markets and national financial supervision. He stated that 'The US and UK are doing this because they are two of the world's leading financial markets, and both face the same problem: digital assets are accessible globally through any computer or phone, while financial regulation is still imposed nationally.'

The recommendations cover five areas related to digital assets, including tokenized finance. A proposed private-sector-led group would test cross-border transactions for one year, sharing technical and regulatory practices with public authorities.

Regulators will also examine how their rules treat tokenized assets, including stablecoins and tokenized money-market funds. The goal is to create a pathway for regulated stablecoins to enter each other's markets.