The chancellor, Rachel Reeves, said after a recent visit to Washington she had discussed crypto regulation with the US Treasury secretary, Scott Bessent, and that the two countries planned to discuss the subject further in June.
As part of her growth strategy, Reeves has called for an easing of regulations in some areas, an approach backed by the FCA chief executive, Nikhil Rathi, who has suggested that rules in the Square Mile could be simplified to spur innovation.