The “Transatlantic Task Force for Markets of the Future” has been launched by UK and US supervisory authorities, with a 180-day mandate to provide suggestions for crypto monitoring and capital market reform. This initiative aims to test whether two of the world’s leading hubs can focus on fast-moving financial technology. 
The task force was announced on September 22, during the visit of US finance minister Scott Bessent to Downing Street, where he met with British Chancellor Rachel Reeves. The initiative will create common proposals with input from industry players to modernize digital financing regulation. The guideline emerges from a high-ranking industry roundtable, which calculates high-ranking officials from both governments to make efforts to synchronize capital markets and digital regulation.
Aligning Crypto Supervision and Capital Markets
The UK and US supervisory authorities have launched this 180-day task force to align the rules for crypto supervision and capital markets. The initiative will create common proposals with input from industry players to modernize digital financing regulation. According to the announcement, the task force’s main goal is to identify options for cooperation with digital assets in the short to medium term and to recognize that formal laws are still in the works in both nations.
The group will examine long-term options for innovations in the digital wholesale markets and enable the supervisory authorities to satisfy the urgent industrial requirements and at the same time provide the basics for a fundamentally new financial infrastructure. Recommendations of the task force “have to be developed in close cooperation with industry partners,” said the announcement. This ensures that the perspectives of stock exchanges, asset managers, and technology companies directly inform the political blueprint.
A Mandate for Market Modernization
The task force’s mandate is to create concrete recommendations for the synchronization of capital markets and digital regulation. The initiative will test whether two of the world’s leading hubs can focus on fast-moving financial technology. By organizing two of the most influential capital markets in the world, the Task Force could determine the global rule book for digital assets and go beyond the current patchwork of national regulations.
Industry Reaction
Coinbase has welcomed the partnership as crucial for the next level of financial innovation. The exchange called for both governments to prioritize the tokenization of traditional assets, to develop a transatlantic stable co-corridor, and to pursue the mutual recognition of regulatory regimes. “The British-US partnership is more than a bilateral relationship. It is a strong strength for progress. Through the collaboration, these two nations can lead the world into tokenization, innovation, growth, and financial integration. Coinbase is proud to invest in this partnership and to shape the future of the global economy,” said the exchange.
The success of this experiment is measured by the ability to create a framework that is both innovative and safe, which offers clarity that needs institutions to fully commit themselves to the area of digital assets. The task force’s recommendations will be developed in close cooperation with industry partners, ensuring that the perspectives of stock exchanges, asset managers, and technology companies directly inform the political blueprint. For more information, visit https://crypto.news/uk-us-regulators-start-180-day-test-run-on-crypto-market-alignment/
