UK Trade Groups Advocate Blockchain Inclusion in US Tech Partnership
A coalition of twelve UK trade organizations representing finance, technology, and cryptocurrency sectors has formally petitioned the UK government to incorporate blockchain technology and digital assets into the upcoming “Tech Bridge” initiative with the United States. The appeal, communicated through a joint letter to Business Secretary Peter Kyle and Economic Secretary Lucy Rigby, underscores the strategic importance of distributed ledger technology (DLT) in bilateral tech collaboration.
Blockchain as a Core Component of UK-US Tech Bridge
The letter, reviewed by Cointelegraph, urges that blockchain be treated as a “core strand” of the UK-US technology partnership slated to coincide with US President Donald Trump’s visit to the UK. The trade groups warn that excluding digital assets risks sidelining the UK as other regions, notably the Middle East and Asia, advance in setting global financial technology standards.
“Excluding digital assets from the UK-US Tech Bridge would be a missed opportunity,” the letter states, emphasizing blockchain’s role in driving the next generation of financial infrastructure by improving capital flows, enabling faster and cheaper payments, and promoting financial inclusion.
Industry Leaders Outline Ambitious Collaboration Goals
Among the letter’s signatories are prominent bodies such as the UK Cryptoasset Business Council (UKCBC), UK Finance, and TheCityUK. Simon Jennings, UKCBC’s executive director, articulated aspirations for a transatlantic corridor facilitating stablecoin payments between the UK and US. Additional objectives include supporting the tokenization of traditional financial instruments and fostering liquidity in transatlantic crypto markets.
Jennings confirmed President Trump’s planned attendance but noted potential disruptions due to the recent assassination of conservative influencer Charlie Kirk, which has triggered national mourning in the US.
Broader UK Blockchain Momentum
The call for blockchain integration aligns with recent UK initiatives to bolster crypto innovation. A public petition advocating pro-innovation policies for blockchain and stablecoins has gained traction, in part due to outreach from crypto exchange Coinbase. Surveys indicate that approximately 25% of British adults are open to incorporating cryptocurrencies into retirement plans.
Additionally, the UK’s financial regulator is set to lift the ban on crypto exchange-traded notes for retail investors starting October 8, enhancing accessibility for less tech-savvy individuals.
These developments reflect the UK’s increasing commitment to fostering a competitive and inclusive digital asset ecosystem amid evolving global financial technologies.
FinOracleAI — Market View
The UK trade groups’ push to embed blockchain technology within the UK-US Tech Bridge initiative signals a positive step toward strengthening transatlantic cooperation on emerging financial technologies. This move could accelerate regulatory clarity and market development, potentially boosting investor confidence and innovation in digital assets. However, uncertainties around the US president’s visit and geopolitical factors may delay immediate progress. Market participants should monitor official government responses and subsequent policy implementations closely.
Impact: positive
