US and UK financial authorities have restated their intention to work closely on digital asset policy after a bilateral regulatory meeting in London, underscoring continued alignment as Washington moves to put a new stablecoin law into practice.
A joint statement released on Aug. 4 said officials used the July 8 session of the UK-US Financial Regulatory Working Group to review stablecoin regulation, US digital asset market structure efforts, tokenization and the UK’s Wholesale Financial Markets Digital Strategy.
Working group highlights digital assets
The discussions took place during the 13th meeting of the UK-US Financial Regulatory Working Group, a forum for bilateral coordination on financial oversight. According to the joint statement, digital assets were a defined part of the agenda alongside broader regulatory matters.
The statement framed the talks as part of an ongoing effort to deepen cooperation between the two countries on financial regulation. In the digital asset area, that included a focus on how rules are developing on both sides of the Atlantic rather than any announcement of a new joint framework.
US briefed UK officials on GENIUS Act rollout
One of the central topics was the United States’ implementation of the GENIUS Act, described in the statement as the new stablecoin law. US officials also updated their British counterparts on continuing work related to digital asset market structure.
The same briefing covered payment modernization and the G20 Cross-border Payments Roadmap, placing crypto-related policy talks alongside wider payment system reforms. The statement did not provide further operational details on how the law will be implemented or on the timeline for the broader market structure work.
Tokenization and UK market strategy were also on the table
The UK side discussed tokenization as well as the country’s Wholesale Financial Markets Digital Strategy, according to the statement. That indicates the talks extended beyond stablecoins to the use of digital representations of financial assets and the modernization of wholesale market infrastructure.
No new policy measures were detailed in the summary, but the inclusion of those topics shows that both sides are treating digital assets as part of a wider financial-market technology agenda rather than a standalone issue.
Shared message centers on coordination and stability
In the joint statement, the two governments emphasized a common approach built around regulatory coordination, financial stability and international cooperation. The language also pointed to support for what they described as responsible digital asset innovation.
For now, the clearest confirmed outcome is continued engagement through the existing bilateral channel. The next visible step is likely to come through further updates on US implementation of the GENIUS Act and ongoing UK work under its Wholesale Financial Markets Digital Strategy, areas both sides specifically highlighted in the meeting summary.
Source: cointelegraph.com