A new aspect of international financial regulations is crypto-passports. It is similar to how European Union (EU) financial services companies can operate across member countries under a single licensed US-UK Passport Scheme. Crypto companies face major barriers while expanding internationally. For example, New York-based companies looking to expand in London will be affected by costs and delays. Cryptographic passports allow crypto companies regulated in one country to operate in another country without necessarily accepting the entire authorization process.
According to Simon Jennings, executive director of CryptoAsset Business Council Trade Body in the UK, “Adjusted regulations, including the possibility of digital assets passports, will enhance investor protection, reduce compliance costs, and make cross-border markets much more interoperable.”
Your Us-uk Crypto passport is unlocked. Harmony now and let liquidity, listings and builders flow both coasts or see the next in a market cap ship elsewhere
– Booba (@boobacrypto) September 30, 2025
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“You really shouldn’t have an ideology in financial regulations,” Harris said.
Adrienne Harris, head of departure for New York’s Department of Financial Services (DFS), threw her support behind the US-UK Crypto Passporting scheme. “You shouldn’t really have an ideology in financial regulations,” Harris said. “We can protect our consumers and support our business at the same time. This can be mutually enhanced.”
DFS has a strong impact on the global cryptocurrency landscape, not only because it oversees major financial institutions such as Goldman Sachs, Deutsche Bank and Barclays, but also the supervisor of the largest crypto companies such as Coinbase and Circle.
However, Harris announced her resignation after four years as division chief.
US-UK Crypto Passporting is inevitable – boundaries lose, liquidity wins 🚀
– Allen 🪐 (@thalllrcrypto) September 30, 2025
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US-UK launches a Transatlantic Task Force
The US and UK governments have announced their strategic partnerships by creating a formal joint task force designed to reduce regulatory frictions for companies seeking to access capital across the market. Importantly, the Joint Task Force is to coordinate both countries’ approaches to cryptocurrency surveillance.
The task force was established during Trump’s visit between British Prime Minister Rachel Reeves and Treasury Secretary Scott Bescent.
On September 22, 2025, the US Treasury Department (DOT) stated, “The purpose of the task force is to explore the options for short-term, period collaboration on digital assets.
Explore: After Trump’s visit, the UK was set up to cut crypto red tape: US-UK launches a transatlantic task force
Key takeout
New York’s Financial Services Agency (DFS) has an extraordinary impact on the world’s cryptocurrency landscape.
Adrian
Harris argues that by enabling established financial institutions to engage in the cryptocurrency market, they can actually raise industry standards.
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