The U.S. Department of the Treasury and HM Treasury have jointly published recommendations from the Transatlantic Taskforce for Markets of the Future aimed at deepening financial activity between the United States and the United Kingdom. The package is designed to reduce cross-border frictions and promote open, market-based standards, with recommendations focused on improving cross-border capital raising, updating supervisory cooperation and providing greater clarity for tokenized financial activity. It also supports continued engagement with industry as markets evolve. Alongside the recommendations, the two finance ministries issued a joint statement on stablecoins in response to one of the Taskforce's proposals. That statement supports cross-border stablecoin activity and underscores the role of the private sector in money and payments. The Taskforce was established in September 2025 by U.S. Treasury Secretary Scott Bessent and UK Chancellor of the Exchequer Rachel Reeves, and developed its recommendations through engagement with financial services industry partners in both countries.
U.S. Department of the Treasury2026-07-14
U.S. Department of the Treasury and HM Treasury publish transatlantic markets recommendations and joint stablecoin statement
The U.S. Department of the Treasury and HM Treasury jointly published recommendations from their Transatlantic Taskforce for Markets of the Future to deepen U.S.-UK cross-border financial activity. The recommendations focus on capital raising, supervisory cooperation and clarity for tokenized finance, and were accompanied by a joint statement supporting cross-border stablecoin activity and the private sector's role in payments.