Overview

• The Transatlantic Taskforce for Markets of the Future was announced during President Donald Trump’s state visit to the UK with backing from Chancellor Rachel Reeves and Treasury Secretary Scott Bessent.
• It is jointly chaired by HM Treasury and the US Treasury and will operate through the UK–US Financial Regulatory Working Group with input expected from the FCA, SEC and CFTC.
• The remit centers on stablecoins and market infrastructure, covering licensing, custody, disclosures, interoperability and cross-border compliance to reduce regulatory fragmentation.
• The group will deliver non-binding recommendations within 180 days, with early signals expected to inform UK and US rulemaking in 2026.
• The initiative aligns with domestic efforts including the US GENIUS Act and the proposed CLARITY Act, as well as UK plans to bring fiat-backed stablecoin issuance into the existing financial services framework.