U.S., U.K. said to outline closer crypto coordination

[UK Daily Politics 2025]
Leon Neal/Getty Images News

The U.S. and U.K. are preparing a deal to coordinate more closely on crypto and stablecoins after talks between Chancellor Rachel Reeves and U.S. Treasury Secretary Scott Bessent, according to a media report published Tuesday.

Crypto firms Coinbase Global (COIN [https://seekingalpha.com/symbol/COIN]), Circle Internet Group (CRCL [https://seekingalpha.com/symbol/CRCL]) and Ripple, as well as lenders Citigroup (C [https://seekingalpha.com/symbol/C]), Bank of America (BAC [https://seekingalpha.com/symbol/BAC]) and Barclays (BCS [https://seekingalpha.com/symbol/BCS]), were among the attendees at a meeting debating the push to implement a transatlantic framework for crypto and capital markets, the _Financial Times_ reported, citing people familiar with the matter.

Talks followed a letter last week from crypto industry groups urging the U.K. to put digital assets and blockchain on the agenda of U.S. President Donald Trump's state visit this week, with stablecoins likely to feature in any deal, the _FT _said [https://www.ft.com/content/3b814ced-16f5-45f4-815d-cbfb8d2c63a6].

One of the people noted the deal was put together "last minute," adding that much of the conversation involved digital assets.

U.S. Treasury, Coinbase, Bank of America and Barclays all did not immediately respond to Seeking Alpha's request for comment.

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