Rachel Reeves, Chancellor of the Exchequer, during UK Fintech week revealed that the UK has published draft legislation for regulating cryptoassets and collaborates with US to promote crypto assets innovation

Event date

April 29, 2025

Quotes that support claims

Chancellor of the Exchequer Rachel Reeves discussed digital-asset regulation with US Treasury Secretary Scott Bessent earlier this month, she said in a speech at the Innovate Finance Global Summit on Tuesday. The two countries will hold more talks “to support the use and responsible growth of digital assets” at an upcoming meeting of the UK-US Financial Regulatory Working Group in June, she added.

At a major summit in London to mark UK Fintech Week, the Chancellor revealed that the UK has published draft legislation for regulating cryptoassets – better protecting millions of people across Britain.

The UK Treasury said its planning to work with the United States to better support innovation across the burgeoning crypto industry, according to a statement released Tuesday.

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Week 18 of 2025