US President Donald Trump has an ambitious agenda for his second state visit to the UK this week, including tariffs, AI and a royal visit with King Charles III.
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The world is racing ahead with clear frameworks for crypto. But cryptocurrency heavyweights are squarely focused on whether he can get the country to embrace a friendly regulatory framework that they’ve wanted for years. A key component of Trump’s visit to the United Kingdon was what’s being called a “tech bridge” deal designed to foster innovative collaborations between the UK and US. In their Sept. 11 letter, crypto and finance trade groups lobbied for blockchain to be included, arguing that the technology will be core to both economies.
Reeves’s meeting on Tuesday, focused on the topic of digital innovation, helped lay the groundwork for broader discussion. In attendance was US Treasury Secretary Scott Bessent as well as representatives from Coinbase, Ripple Labs Inc., Revolut Ltd. and Circle Internet Group Inc.
The UK’s Financial Conduct Authority is expected to publish a set of finalized rules next year, after months of consulting businesses on what they should look like. That deadline, alongside recent momentum, has fueled optimism that the UK may, at last, have a framework for digital assets in sight.