The United States and the United Kingdom have announced the formation of a “future market for markets”, which aims to enhance cooperation in capital markets and encryption organization.
UK and the United States unite to deal with the challenges of the encryption market
the deal It was reached during the Downing Street talks between UK Adviser Rachel Reeves and US Treasury Secretary Scott Pesin, before President Donald Trump's visit to Britain.
While the advertisement came with limited details regarding the fields of focus in the business squad, it emphasizes mutual interest in enhancing cooperation in the growing digital assets market.
The background of this initiative is particularly relevant, as the UK is struggling with a long shrinkage in the capital market. Many companies have chosen their lists from London to New York, which were attracted by the promise with higher assessments and a more suitable organizational environment.
Meanwhile, the United States adopted the activity of the cryptocurrency industry under the current Trump administration, as it appointed the friendly organizers for encryption, and rejected lawsuits against the main players, and enact historical legislation that controls Stablecoins.
In contrast, the UK has faced criticism from the CEOs of encryption for its slow regulatory response, which left it behind the United States and other competitive financial centers.
The UK Treasury indicated that the new work squad will explore options for all of the short and medium -term cooperation on digital assets, while the regulatory frameworks are still under development. In addition, the group will aim to simplify the process of British companies and the United States that seeks to raise the cross -border capital.
Cooperation for change
The work squad headed by officials from each of the Treasury departments in the United Kingdom and the United States will include organizers responsible for overseeing capital markets and coding assets on both sides of the Atlantic Ocean. He was assigned to report within 180 days with recommendations about the best ways to follow up.
Former conservative adviser George Osborne was explicit about the challenges facing the United Kingdom in the encryption space, warning that the country risked unrealistic amid a financial revolution that reminds us of the “Big Bang” in the 1980s.
Osborne, who is currently working in the World Consulting Council for encryption in the United States, has criticized the current government's approach, indicating that he leaves the UK backward.
The UK Business Council, a commercial organization, welcomed the announcement of the business squad, as it was seen as strong support from the United States of the British Economy. They emphasized that if it is implemented properly, this initiative has the ability to stimulate the city of London and enhance the economy across the Atlantic.
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