US, UK Outline Recommendations to Align Stablecoin and Tokenization Rules
The U.S. and UK issued a joint roadmap to align regulation of stablecoins, tokenized assets, and digital money, aiming to reduce frictions for blockchain-based finance across the Atlantic. The Transatlantic Taskforce for Markets of the Future proposed 10 nonbinding recommendations, split between digital assets and capital markets. Priorities include common approaches to tokenized securities settlement, collateral use of stablecoins and tokenized money market funds, and a private-sector pilot for cross-border tokenization. The two governments also plan a joint stablecoin statement backing fully reserved payment stablecoins and a technology-neutral review of Basel crypto rules. The effort stops short of mutual recognition, and each country will still apply its own rules. The move comes as the U.S. advances the GENIUS Act and the UK prepares its own crypto regime, both trying to catch up with the EU’s MiCA framework.
