COPENHAGEN / LONDON (IT BOLTWISE) – The United States and the United Kingdom are working on a joint crypto sandbox project to harmonize their markets. This initiative could pave the way for smooth licensing between both countries and potentially benefit the EU as well. Lisa Cameron, founder of the UK-US Crypto Alliance, emphasizes the urgency for the UK to act quickly to avoid being left behind.
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The United States and the United Kingdom plan to develop a joint crypto sandbox project to better harmonize their markets. This initiative could pave the way for smooth licensing between both countries and potentially benefit the EU as well. Lisa Cameron, founder of the UK-US Crypto Alliance, emphasizes the urgency for the UK to act quickly to avoid being left behind.
The UK-US Crypto Alliance came to this conclusion after discussions with US senators and members of the US Securities and Exchange Commission (SEC). Cameron expects the purpose of the sandbox to be to clarify the so-called passporting issues in crypto licenses between the UK and the US. Many organizations want regulatory clarity that enables such passporting.
Cryptocurrency regulation is gaining momentum in the UK. Recently, the Bank of England published a consultation paper proposing a regulatory framework for stablecoins. These developments follow reports of a transatlantic taskforce to explore cooperation on digital assets. The UK appears to want to adopt the Trump administration’s crypto-friendly stance.
Lisa Cameron expressed concerns that Britain could miss the opportunity if it does not act quickly. She emphasized that crypto regulation is not the political priority it should be. The clear and direct US policy direction on new technologies increases pressure on the UK to respond quickly.
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