The United Kingdom is moving to strengthen its digital asset policies by aligning with the United States, in a move aimed at driving innovation and market growth. According to a Financial Times report, UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent held talks on Tuesday with industry leaders to explore deeper cooperation on crypto regulation and market development.
Together we are delivering investment and opportunity for both our countries.
It was a pleasure to welcome @SecScottBessent to Downing Street today. pic.twitter.com/rvI435Jz0O
— Rachel Reeves (@RachelReevesMP) September 16, 2025
Executives from Coinbase, Circle Internet Group, Ripple, as well as banking giants Barclays, Citi, and Bank of America, were present at the discussions. The decision to pursue closer ties reportedly came after UK crypto advocacy groups warned last week that the government’s cautious stance was stifling innovation and leaving the country behind global competitors.
Stablecoins take centre stage
Stablecoins are expected to be a key feature of any UK-US agreement, with US President Donald Trump’s administration prioritizing the sector and pushing policies favourable to its growth. Advocacy groups have been vocal in their criticism of the Bank of England’s proposal to cap individual stablecoin holdings between £10,000 ($13,650) and £20,000 ($27,300), arguing that the measure would be costly and impractical to enforce.
UK banks have also been accused of slowing adoption. A recent survey of 2,000 crypto investors revealed that 40% had experienced blocked or delayed payments when transacting with crypto providers. Banks cite fraud, scams, and volatility as primary concerns.
You may also like: SBI and University of Tsukuba Launch Blockchain Research on XDC Network
UK eyes US-style regulatory model
In May, the UK unveiled a regulatory framework that would treat crypto exchanges and brokers similarly to traditional finance firms, with an emphasis on compliance, transparency, and consumer protection. Reeves is reportedly eager to build on this by aligning UK rules with those in the US, a move expected to open access to American markets and attract US investment.
Meanwhile, consumer sentiment in the UK suggests growing openness toward digital assets. A recent survey found that 27% of adults would consider including crypto in their retirement portfolios, with many citing higher potential returns as their motivation.
Enjoyed this? Bookmark DeFi Planet, explore related topics, and follow us on Twitter, LinkedIn, Facebook, Instagram, Threads, and CoinMarketCap Community for seamless access to high-quality industry insights
Take control of your crypto portfolio with DEFI PLANET PRO, DeFi Planet’s suite of analytics tools.
