UK-US Crypto Sandbox ‘Coming’ After Talks: Insider Claims
The post UK-US Crypto Sandbox ‘Coming’ After Talks: Insider Claims appeared com. Lisa Cameron, a former United Kingdom Member of Parliament and founder of the UK-US Crypto Alliance, told Cointelegraph she believes a joint “sandbox” between the United States and the United Kingdom is in development to align their crypto markets. Talking to Cointelegraph at the UN City offices in Copenhagen, Denmark, Cameron said that, according to her organization’s understanding, “there will be a sandbox” resulting from a collaboration between the US and the UK. She added that the UK-US Crypto Alliance is “very excited about this potential.” Cameron said that the UK-US Crypto Alliance reached this conclusion after speaking with US Senators and members of the US Securities and Exchange Commission’s (SEC) Crypto Task Force. She said she would expect the sandbox’s purpose to be to “iron out some of this in terms of passporting” for crypto licenses between the UK and the US. “A lot of the organisations I’ve been speaking to would really like a regulatory clarity that can enable passporting between the UK and the US, and I think that that’s possibly also something that the EU could benefit from as well.” Lisa Cameron at UN City in Copenhagen, Denmark. Earlier on Monday, the Bank of England published a consultation paper proposing a regulatory framework for stablecoins. The new framework regulates sterling-denominated “systemic stablecoins” that are widely used in payments, much like the US’s GENIUS Act. The statement follows recent reports that treasury authorities in the US and UK created a transatlantic task force to explore “short-to-medium term collaboration on digital assets.” In mid-September, the UK and US were also reported to be preparing to deepen cooperation on digital assets. Reports at the time suggested that the UK was looking to copy the.