On April 29, 2025, UK Finance Minister Rachel Reeves announced the establishment of a UK-US financial regulatory working group, set to begin in June, to promote the responsible growth of digital assets. This follows the UK's introduction of draft legislation to regulate crypto exchanges, dealers, and agents, emphasizing consumer protection and innovation. The collaboration aims to enhance cross-border fintech efforts, positioning the UK as a global financial leader. Specific details on joint initiatives to boost crypto adoption remain limited.
