Overview

• The body is co-chaired by HM Treasury and the U.S. Treasury with participation from market regulators such as the FCA and SEC.
• Its remit targets stablecoin oversight, asset custody and anti-money-laundering standards, tokenisation, and wholesale digital market innovation.
• A central goal is to cut red tape for cross-border capital raising between London and New York to bolster competitiveness.
• Approval followed a Downing Street meeting during President Trump’s state visit, with executives from Coinbase, Circle, Ripple, Citi, Bank of America, and Barclays in attendance.
• Recommendations will be developed with industry input and delivered within 180 days, with observers noting the collaboration could shape wider global standards without creating immediate law.