🔍 Big developments in crypto policy!

The UK Treasury has announced plans to collaborate with the United States to boost innovation in the cryptocurrency sector.

In a statement released on April 30, UK Finance Minister Rachel Reeves outlined the “Change Plan ”—a regulatory initiative aimed at creating new rules for crypto asset providers like Bitcoin and Ethereum. The goal? Strengthen investor confidence and fuel industry growth.

Reeves recently met with US Treasury Secretary Scott Bessent in Washington to discuss cross-border cooperation on digital asset regulation. They’re working closely through the UK-US Financial Regulatory Working Group, including exploring ideas from SEC Commissioner Hester Peirce.

This follows recent pro-crypto moves by the UK government, like revising the Financial Services and Markets Act 2000 in January to ease restrictions on staking services—marking a clear shift toward fostering innovation.

💡 The message is clear: the UK wants to be "the best place for innovation in the world ."

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