What the UK and US are planning for crypto

Think about playing soccer with friends.

If half of you are following FIFA rules and the other half are following the good ole make-it-up-as-you-go ones, the game’s gonna be a MESS.

One side calls offside, the other side ignores it. Nobody knows what’s fair, y’all start arguing, and eventually, everyone wants to go home.

That’s pretty much what’s been happening in crypto: every country has its own version of rules, and it makes the whole system confusing.

Which is why what happened this week is a big deal.

The UK & US created a joint task force to work on digital asset rules together.

The group has ~6 months to come up with recommendations, with a focus on:

👉 Looking at ways the two countries can work together on crypto rules while each side’s laws are still evolving;

👉 Exploring long-term ideas for how digital markets might innovate;

👉 Finding ways to make it easier for companies to raise money across borders without drowning in duplicate rules.

Some media outlets think stablecoins will likely be a big part of those talks. That hasn’t been officially confirmed, but it does make sense: regulators everywhere are under pressure to figure out how to deal with ’em.

Now, here’s why this whole thing matters 👇

Right now, if you’re a crypto company like Coinbase and you wanna work in both New York and London, you’re stuck between regulators who don’t see eye to eye = more money spent on lawyers, more hesitation from banks, and more “is this even safe?” from regular people.

But if the rules started matching up, things would get simpler: companies would be able to focus on building instead of fighting in court, scams would be easier to catch, and you & I would get clearer protections when we use crypto apps.

In short, this is like the UK and US finally agreeing to play by the same rules. And maybe even agreeing on whether we’re calling it soccer or football 👀