A new transatlantic initiative could align digital-asset regulations across the UK and US, paving the way for a shared crypto licensing framework.
A potential UK-US crypto “passporting sandbox” is reportedly in development following a series of talks between British and American lawmakers as well as officials from the US Securities and Exchange Commission (SEC). The move aims to harmonize crypto oversight and create a foundation for cross-border digital-asset regulation.
Former UK Member of Parliament Lisa Cameron, who founded the UK-US Crypto Alliance, said her organization expects a formal sandbox to emerge from these discussions. “There will be a sandbox — that’s our understanding from ongoing conversations with US Senators and SEC representatives. We’re very excited about this potential collaboration,” she said during an interview in Copenhagen.
The initiative is expected to focus on “passporting” crypto licenses, allowing firms authorized in one jurisdiction to operate in the other under streamlined conditions. “A lot of organizations we’ve spoken to are asking for regulatory clarity that enables passporting between the UK and the US — something that could even benefit the EU in the long term,” Cameron noted.
The talks come amid a broader push for stablecoin and crypto regulation in the UK. Earlier this week, the Bank of England released a consultation paper proposing a new framework for systemic stablecoins, requiring issuers to maintain significant backing in short-term UK government debt.
“There’s a window of opportunity that could pass if the UK doesn’t act quickly,” Cameron warned, emphasizing that startups are increasingly relocating to other jurisdictions with clearer digital-asset policies.
“Now that the US has been very clear and direct in its policy direction on frontier technologies, the UK has no time to lose,” she added.
Analysts say a transatlantic crypto sandbox could mark a turning point for the industry, offering a coordinated regulatory environment that encourages innovation while safeguarding investors — a critical step toward global crypto standardization.
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