Britain and the United States will establish a new Transatlantic Taskforce for Markets of the Future aimed at cutting red tape for firms seeking to raise capital across both markets and strengthening cooperation on crypto assets, the UK Treasury announced Monday.
The taskforce was agreed by UK finance minister Rachel Reeves and U.S. Treasury Secretary Scott Bessent during President Donald Trump’s recent state visit to Britain. It will be jointly chaired by finance ministry officials from both nations, with regulators also participating. The body is expected to deliver its first recommendations within 180 days, focusing on short-term improvements to collaboration and exploring longer-term opportunities in wholesale digital markets.
The move reflects London’s push to reinforce its role as a global financial hub after losing ground in Europe post-Brexit, with many companies shifting stock listings to the U.S. It also marks an effort to align Britain’s emerging digital asset regulation with the U.S. model, which relies on applying existing financial rules rather than creating an entirely new framework, as the European Union has done.
By smoothing capital markets access and harmonizing crypto oversight, both governments aim to attract investment, reduce compliance burdens, and position themselves at the forefront of digital finance.