UK Treasury plans to cooperate with the United States to promote innovation in the crypto industry

PANews reported on April 30 that according to The Block, the British Treasury issued a statement on April 30 saying that it plans to cooperate with the United States to promote innovative development of the crypto industry. Chancellor Rachel Reeves said that new regulations will be formulated for crypto asset service providers such as Bitcoin and Ethereum through the "change plan" to enhance investor confidence and promote growth. This move aims to make the UK the "best place of innovation in the world". The statement revealed that Reeves recently discussed digital asset regulatory cooperation when meeting with U.S. Treasury Secretary Scott Bessent in Washington, including related proposals proposed by SEC Commissioner Hester Peirce. The Ministry of Finance of the two countries will continue to explore ways to support the responsible development of digital assets through the "UK-US Financial Regulatory Working Group".

The UK has adjusted its policies to support the crypto industry many times this year, including the revision of the Financial Services and Markets Act 2000 in January and the cancellation of strict supervision of domestic pledge service providers. This series of measures echoes the Trump administration's supportive attitude towards the crypto industry.