PANews reported on April 30 that according to The Block, the UK Treasury issued a statement on April 30, saying that it plans to work with the United States to promote innovation in the crypto industry. Finance Minister Rachel Reeves said that through the "Change Plan", new regulations will be formulated for crypto asset service providers such as Bitcoin and Ethereum to enhance investor confidence and promote growth. This move is aimed at making the UK "the best place for innovation in the world." The statement revealed that Reeves recently met with US Treasury Secretary Scott Bessent in Washington to discuss cooperation on digital asset supervision, including relevant proposals put forward by SEC Commissioner Hester Peirce. The two finance ministries will continue to explore ways to support the responsible development of digital assets through the "UK-US Financial Regulatory Working Group."
The UK has adjusted its policies several times this year to support the crypto industry, including amending the Financial Services and Markets Act 2000 in January to remove strict regulation of domestic staking service providers. This series of measures echoes the Trump administration's support for the crypto industry.
