Britain and the United States are preparing to strengthen ties on digital assets, signaling a major shift toward a more crypto-friendly approach. UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent met Tuesday with top financial and crypto executives, including leaders from Coinbase, Circle, Ripple, Barclays, and Citi, to discuss aligning policies and boosting innovation, according to the Financial Times.

The talks come after UK crypto advocacy groups urged the government to adopt a more open stance, warning that cautious regulation has slowed adoption and investment. Stablecoins are expected to be a key part of any deal, echoing the Trump administration’s pro-crypto stance. Reeves reportedly believes closer coordination with the US will provide UK companies better access to American markets while attracting greater investment.

Industry voices see digital assets as a “huge opportunity” for Britain. Work is already underway to create cross-border regulatory sandboxes, giving firms room to test blockchain technologies and expand adoption in financial services.

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