- UK trade groups have requested that the government include blockchain in technology cooperation talks with the United States.
- A joint letter from twelve organizations was sent ahead of U.S. President Donald Trump‘s planned visit to the UK.
- The letter says excluding digital assets from the UK-US Tech Bridge could put the UK at a disadvantage as other regions advance in setting standards.
- Trade groups seek to boost stablecoin payment systems, support tokenization, and develop deeper markets for crypto assets.
- The UK is seeing new initiatives in blockchain, including a growing public petition and easing of rules on exchange-traded notes for retail investors.
Twelve UK trade associations from the finance, technology, and cryptocurrency sectors have asked the government to make blockchain technology a core part of the UK’s technology collaboration with the United States. The request came in a joint letter addressed to Business Secretary Peter Kyle and Economic Secretary to the Treasury Lucy Rigby ahead of a visit by U.S. President Donald Trump next week.
The letter, seen by Cointelegraph, urges authorities to include distributed ledger technology— the technology behind blockchain — as a key focus of the planned “Tech Bridge” between the UK and US. The authors said, “excluding digital assets from the UK-US Tech Bridge would be a missed opportunity,” and warned this could allow regions like the Middle East and Asia to set the future standards for finance.
Organizations including UK Cryptoasset Business Council (UKCBC), UK Finance, and TheCityUK signed the document. The letter notes that blockchain and similar technologies are driving innovation in financial services, making transactions faster, cheaper, and more accessible. Simon Jennings, executive director of UKCBC, told Cointelegraph the group wants to create a stablecoin payment corridor between the US and UK, support the tokenization of traditional assets, and build deeper trading markets for crypto assets across the Atlantic.
Jennings confirmed that President Trump has plans to visit, though changes may occur due to the recent death of conservative influencer Charlie Kirk, an ally of Trump.
The letter reflects wider movement in the UK towards digital assets. This month, a public petition called for a blockchain-friendly policy, and the Financial Conduct Authority plans to allow sales of crypto exchange-traded notes to retail investors beginning October 8. According to an August report, about one in four British adults are open to including cryptocurrencies in their retirement savings.
For more on the UK’s digital asset market and reforms, visit this related article from Cointelegraph: Bitcoin-to-boost-budget”>UK working to sell $7B in seized Bitcoin.
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