A new aspect for international financial regulation is the cryptographic passport. Similar to how the European Union financial services companies (EU) can operate in all Member States with a single license, a US-UK passport system. Cryptocurrencies deal with significant obstacles while expanding internationally. For example, a company based in New York that tries to expand to London will be influenced by costs and delays. The cryptographic passport would allow the encryption companies regulated in one country to operate in the other without necessarily undergoing all authorization processes.
According to Simon Jennings, executive director of the commercial body of the Cryptoasset commercial council in the United Kingdom, “The coordinated regulation, including the potential for the passport of digital resources, would improve the protection of investors, would reduce compliance costs and would make the transfrontier markets much more interoperable.”
The Us-UK cryptocurrency passport is the release: harmonizing now and let liquidity, lists and manufacturers flit on both coasts or look at the next trillions in market capitalization send elsewhere
– Booba (@boobacrypto) September 30, 2025
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“You shouldn’t really have ideology in financial regulation,” said Harris
Adrienne Harris, the departure head of the New York Financial Services Department (DFS), threw her support behind the US cryptocurrency passport system. “You shouldn’t really have ideology in financial regulation,” said Harris. “You can protect consumers and support activities at the same time; this can be mutually strengthening.”
The DFS has a strong influence on the global cryptocurrency panorama as not only the regulator that supervises the main financial institutions including Goldman Sachs, Deutsche Bank and Barclays, but also the supervisor of some of the largest cryptocurrencies such as Coinbase and Circle.
However, Harris announced his resignation after having held the role of head of the department for four years.
The Us-UK cryptocurrency passport is inevitable: the boundaries forgive, liquidity wins
– Allen
(@Theallencrypto) September 30, 2025
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US-UK launches the Task Force Transatlantic
The governments of the United States and the United Kingdom have announced a strategic partnership by creating a joint formal task force designed to reduce regulatory friction for companies that try to access capital through markets. It is important to underline that the joint task force will coordinate the approaches of the two countries to supervise cryptocurrency.
The Task Force was formed during Trump’s visit outside the high -level interviews between the united kingdom chancellor Rachel Reeves and the United States Treasury Secretary Scott Beesent.
On September 22, 2025, the Department of the United States of the Treasury (DOT) issued a declaration saying: “The purpose of the Task Force is to explore the options for short -term collaboration on medium on digital resources while legislation and regulatory regimes are still developing, as well as options for long -term collaboration and additional opportunities for the innovation of the wholesale digital markets.”
EXPLORE: After Trump’s visit, Great Britain has set itself to reduce the Crypto bureaucracy: US-UK launch transatlantic task force
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The Department of Financial Services of New York (DFS) has an extraordinary influence on the global cryptocurrency panorama.
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Adrienne Harris maintains that allowing the established financial institutions to engage with cryptocurrency markets could actually increase the standards of the sector.
What is the cryptographic passport? Adrienne Harris supported the US-UK passport system appeared first out of 99 bitcoins.