Industry Pushes US-UK Tech Bridge to Include Crypto, Warning of Falling Behind
Major financial and crypto firms are successfully urging the US and UK to prioritize digital asset collaboration, with the two governments now planning deeper ties on cryptocurrency oversight.
This development comes after industry groups last week pressed for the inclusion of stablecoins and tokenization in the bilateral US-UK Tech Bridge.
The Financial Times reports that the collaboration was discussed in a meeting attended by executives from Bank of America, Barclays, Circle, Citi, Coinbase, and Ripple.
These groups have warned that excluding digital assets from the partnership risks leaving Britain behind as other regions advance.
Cassie Craddock of Ripple endorsed the new cooperative spirit, stating it will help the UK solidify its position as a “leading digital asset and innovation hub” and unlock blockchain’s economic potential.
