On 12 November 2025, Ripple President Monica Lengthy met with UK’s financial Secretary to the Treasury, Lucy Rigby, to debate how digital belongings can enhance the nation’s competitiveness and development. The assembly has led to hypothesis about Ripple’s subsequent transfer within the UK and concerning the UK’s ambitions in direction of digital belongings and blockchain. Lengthy took to X to say that the UK is “constructing on its standing as one of many main monetary hubs of the world.”
Notably, Rigby’s function in monetary regulation is just not missed by the crypto neighborhood as she instantly engages with Ripple. In the meantime, Ripple govt Cassie Craddock lately revealed that the corporate intends to capitalize on the current US-UK regulatory collaborations.
With an image on X, Rigby mentioned, “Thrilling dialogue with Ripple’s Monica Lengthy right here in Singapore on fostering innovation in digital belongings and our new devoted assist for international fintech scaling within the UK.”
After victories towards the US Securities and Change Fee (SEC), Ripple has utilized to register as a crypto asset agency with the UK’s Monetary Conduct Authority (FCA).
Nice to welcome the UK’s Financial Secretary to the Treasury @LucyRigby at Ripple’s Singapore workplace to debate how digital belongings can enhance the UK’s competitiveness and development, constructing on its standing as one of many main monetary hubs of the world. pic.twitter.com/dIB7SBH4RE
— Monica Lengthy (@MonicaLongSF) November 12, 2025
Rigby took a gathering with Kraken Co-CEO Arjun Sethi as properly. Nonetheless, Sethi overtly criticised the UK’s crypto regulation.
Nice to satisfy with Arjun Sethi & his workforce at @krakenfx this afternoon to debate the thrilling alternatives for digital asset innovation in 🇬🇧 pic.twitter.com/b9Ayo93jYC
— Lucy Rigby KC MP (@LucyRigby) November 6, 2025
“UK customers are blocked from about 75% of crypto merchandise, together with DeFi staking and lending,” mentioned Kraken Co-CEO
“Within the UK in the present day, in case you go to any crypto web site, together with Kraken’s, you see the equal to a cigarette field warning — ‘use this and also you’re going to die,” mentioned Kraken Co-CEO Arjun Sethi. “Due to the pace at which they should do the transaction, it’s worse for customers. Disclosures are necessary but when there are 14 steps, it’s worse.”
Moreover, he criticized the UK’s strict crypto rules for hindering capital flows and hurting person expertise.
Sethi additionally mentioned Kraken received’t provide tokenized shares of personal firms like Robinhood did, calling its tokenized OpenAI shares “a horrible concept.”
The crypto neighborhood on X confirmed assist for Sethi.
“UK rules are stifling development for positive. It’s like they’re pushing innovation out the backdoor. And tokenized shares? Complete hype-no actual utility,” mentioned @DrigaDenis.
Actually, Sethi isn’t improper the UK’s turning its crypto scene right into a museum.While you block 75% of the market, innovation doesn’t pause, it simply strikes elsewhere.DeFi’s not the enemy, overregulation is.And yeah, tokenizing non-public shares? That’s reckless hype, not progress.…
— Joe | KOL & Alpha Crypto Influencer (@SelfSuccessSaga) November 12, 2025
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What’s the US-UK Launch Transatlantic Activity Drive?
Lately, the US and UK governments have introduced a strategic partnership by creating a proper joint job pressure designed to scale back regulatory friction for corporations in search of to entry capital throughout markets. Importantly, the joint job pressure will coordinate the 2 international locations’ approaches in direction of cryptocurrency oversight.
The duty pressure was fashioned throughout Trump’s go to out of high-level talks between UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent.
On 22 September 2025, the US Division of the Treasury (DoT) launched an announcement saying, “The aim of the Taskforce is to discover choices for short-to-medium time period collaboration on digital belongings whereas laws and regulatory regimes are nonetheless growing, in addition to choices for long-term collaboration and extra alternatives for wholesale digital markets innovation.”
In response to the US DoT, “the Transatlantic Taskforce for Markets of the Future ought to report inside 180 days.”
Discover: After Trump’s Go to Britain Set To Cut back Crypto Crimson Tape: US-UK Launch Transatlantic Activity Drive
Key Takeaways
Ripple govt Cassie Craddock lately revealed that Ripple intends to capitalize on current US-UK regulatory collaborations.
All eyes will probably be on the gradual rollout of the UK’s full crypto regulation framework in 2026.
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