UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent met in Downing Street to discuss strengthening transatlantic coordination on crypto assets and capital markets. The meeting included representatives from Coinbase, Circle, Ripple, Citibank, Bank of America, and Barclays. Insiders indicate that the UK and US are expected to announce closer cooperation on digital assets, including stablecoins. The UK aims to enhance domestic firms' access to US financial markets and attract more US investment. Additionally, both countries are collaborating on a digital securities sandbox to allow financial services companies to test blockchain technology.