Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has established any formal mechanisms with her US counterpart on regulatory coordination for digital asset supervision following the meeting of the UK–US Financial Regulatory Working Group meeting in June 2025.

The Chancellor and US Treasury Secretary Bessent have now engaged on multiple occasions, and have stressed the importance of international collaboration in financial services. This includes continued UK-US engagement to support the use and responsible growth of digital assets.

On 3 June, HM Treasury hosted the US Treasury and regulators for the UK-US Financial Regulatory Working Group. The Joint Statement outlines the discussions, including on digital assets, and can be found here.

UK and US officials and regulators continue to engage via a range of mechanisms to support collaboration and coordination.