The British-American Task Force on Future Markets (TTMF) has published ten recommendations aimed at aligning the approaches of the UK and the US in regulating digital assets and capital markets. The document explicitly supports stablecoins and promises to harmonize the regulatory framework for tokenization on both sides of the Atlantic. According to experts, this step could be a turning point for the entire industry.

What does the task force propose?

The group, established by the UK Treasury and the US Department of the Treasury, was announced by Chancellor of the Exchequer Rachel Reeves and US Treasury Secretary Scott Bessent during Donald Trump's visit to the UK in September 2025. Its task is to propose specific mechanisms for closer financial cooperation between the two countries.

Of the ten recommendations, five directly address digital assets. Key ones include:

  • Creating a private working group to test cross-border scenarios with tokenized assets.
  • Instructing the Bank of England, CFTC, FCA, and SEC to develop unified regulatory approaches, including the finality of settlements for transactions with tokenized securities and the possibility of using stablecoins and tokenized money market funds as collateral with central counterparties.
  • Preparing a joint statement on stablecoins to support the cross-border market and align regulation.
  • Describing a multi-currency ecosystem where stablecoins, tokenized deposits, and other forms of digital money work together.
  • Jointly promoting in the Basel Committee rules for crypto assets that are technology-neutral and evidence-based.

Coinbase's view: "A colossal opportunity"

Katie Harris, Head of Policy for Coinbase in Europe, called this initiative "a colossal opportunity" for the two leading financial centers to rethink global capital markets through tokenization. She emphasized that it is especially important to see support for stablecoins as a key settlement asset for cross-border online transactions, as well as a commitment to regulatory alignment in the field of digital assets.

"The TTMF recommendations open up a colossal opportunity for the two leading financial centers to rethink global capital markets through tokenization. It is remarkable to see support for stablecoins as a key settlement asset for cross-border online transactions, as well as a commitment to regulatory alignment in digital assets and tokenized markets. The US is betting on decentralized finance to fully unlock the benefits of tokenization, and this is a critical moment for transatlantic cooperation on next-generation financial infrastructure on the blockchain," Harris stated.

For now, these are just intentions: the recommendations do not override current regulatory processes in both countries. Agencies will report on progress through the joint Financial Regulatory Working Group (FRWG).

Cryptalist Analysis: This initiative is not just a diplomatic gesture, but a pragmatic step toward creating a unified, liquid, and regulated digital asset market. If the recommendations are implemented, we will see not only an influx of institutional capital but also the formation of new standards that are likely to be adopted by other jurisdictions. This is a strong signal for the market: the future lies in the tokenization of traditional finance.