The U.S. and U.K. are aligning on blockchain-and that is good for the world economy | Fortune
Briefly

The U.S. and U.K. are aligning on blockchain-and that is good for the world economy | Fortune
"For more than a century, the United States and the United Kingdom have been amongst the most influential nations in finance, working together to create the playbook for global trade and markets. Today, that partnership is entering a new phase as both countries commit to closer cooperation on digital assets-a gambit that could further entrench Washington and London at the vanguard of global finance, even as hubs like Singapore and Dubai emerge as formidable challengers."
"The new body signals that the countries recognize that alignment-not isolation-is critical at a time when the likes of Singapore, Dubai and others are already seeing the financial and economic benefits of an inclusive approach to crypto regulation. The new taskforce brings together both banks and crypto firms, underscoring how central digital assets have become to the future of markets. Stablecoins, blockchain infrastructure, and programmable digital securities are no longer fringe concepts. They are fast becoming the backbone of 21st-century financial innovation."
"The US and UK are at pivotal moments. In the US, Congress is advancing legislation to establish a stablecoin and digital asset framework. In the UK, the Financial Conduct Authority and Bank of England are designing rules under FSMA 2023, laying the groundwork for robust regimes around stablecoins and distributed ledgers. Legislators and regulators in both countries are in rare bipartisan agreement on the benefits of crypto and blockchain."
A Transatlantic Taskforce for Markets of the Future was created to produce joint recommendations on digital assets and capital markets within six months. The taskforce includes banks and crypto firms, reflecting the centrality of stablecoins, blockchain infrastructure, and programmable digital securities to modern finance. Policymakers in the US and UK are advancing regulatory frameworks: US Congress is progressing stablecoin and digital asset legislation, while the Financial Conduct Authority and Bank of England are crafting rules under FSMA 2023. Bipartisan agreement and senior official engagement signal strong political support, with outcomes poised to influence global financial competitiveness.
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