According to Foresight News, citing The Block, the UK Treasury released a statement saying that it plans to collaborate with the United States to promote innovation in the crypto industry. Chancellor Rachel Reeves stated that the UK will establish new regulations for cryptocurrency service providers such as Bitcoin and Ethereum through the "Transformation Plan" to enhance investor confidence and drive growth. During a recent meeting in Washington with US Treasury official Scott Bessent, Rachel Reeves discussed digital asset regulatory cooperation, including proposals raised by SEC Commissioner Hester Peirce. The two countries' treasuries will continue to explore paths for supporting responsible digital asset development through the "UK-US Financial Regulatory Working Group".
UK Treasury plans to work with US to promote innovation in crypto industry
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