Digital Asset Management and Stablecoin: Breakthrough Step of the United States and the United Kingdom
In an important step towards unifying the legal framework, top financial regulators in the United States and the United Kingdom have committed to expanding deeper cooperation in digital asset supervision. The joint statement released by the US Treasury Department on June 24 highlighted the results of the Financial Management Working Group meeting in London earlier this month.
Cryptocurrency and Stablecoin Prioritized for Developing Appropriate Regulations
At the meeting, digital financial technology was the central focus. Officials from both countries updated the progress of cryptocurrency and stablecoin regulation. The United Kingdom introduced the Digital Securities Sandbox - an innovative financial testing environment. Regarding stablecoin, the United States has taken the lead by passing the GENIUS Act, while the UK is still reviewing specific legal frameworks. The consensus on synchronizing rules will establish global standards, minimizing legal risks for stable and sustainable projects.
Additionally, both sides discussed multiple measures to improve cross-border payment mechanisms and develop a more closely linked international financial system. They committed to coordinating at global forums like G20 to shape transparent standards in operating the global cryptocurrency market.
Artificial Intelligence and Innovation: The Key to Digital Financial Future
AI has become a crucial factor in the financial sector. US and UK management leaders deeply recognize the increasingly expanding role of AI in financial services and agreed on the need to build flexible legal frameworks. Especially in trading, lending, and customer support areas, aiming to ensure both rapid application speed and control of potential risks.
Transaction Identity Transformation and Listed Markets
The United Kingdom plans to adopt a T+1 fast transaction payment model by 2027, updating listing regulations following the United States' footsteps. Both countries confirmed the importance of continuous cooperation, expecting to meet again in early 2026 to promote joint progress. This opens opportunities for a global, sustainable, and synchronized digital financial ecosystem.
In an increasingly digitized and globalized financial era, the cooperation between the United States and the United Kingdom promises to lay the foundation for a transparent and stable regulatory future, helping the cryptocurrency market develop healthily and creating favorable conditions for investors and businesses worldwide.
