On 12 November 2025, Ripple President Monica Lengthy met with UK’s financial Secretary to the Treasury, Lucy Rigby, to debate how digital property can enhance the nation’s competitiveness and progress. The assembly has led to hypothesis about Ripple’s subsequent transfer within the UK and concerning the UK’s ambitions in direction of digital property 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 isn’t missed by the crypto neighborhood as she immediately engages with Ripple. In the meantime, Ripple govt Cassie Craddock just lately revealed that the corporate intends to capitalize on the current US-UK regulatory collaborations.
With an image on X, Rigby stated, “Thrilling dialogue with Ripple’s Monica Lengthy right here in Singapore on fostering innovation in digital property and our new devoted assist for world fintech scaling within the UK.”
After victories towards the US Securities and Trade 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 property can enhance the UK's competitiveness and progress, 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. Nevertheless, Sethi brazenly criticised the UK’s crypto regulation.
Nice to fulfill with Arjun Sethi & his crew 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,” stated Kraken Co-CEO
“Within the UK right this moment, 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,” stated Kraken Co-CEO Arjun Sethi. “Due to the pace at which they need to 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 consumer expertise.
Sethi additionally stated Kraken gained’t provide tokenized shares of personal firms like Robinhood did, calling its tokenized OpenAI shares “a horrible thought.”
The crypto neighborhood on X confirmed assist for Sethi.
“UK rules are stifling progress for certain. It’s like they’re pushing innovation out the backdoor. And tokenized shares? Complete hype-no actual utility,” stated @DrigaDenis.
Truthfully, 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 Process Drive?
Just lately, the US and UK governments have introduced a strategic partnership by creating a proper joint process power designed to scale back regulatory friction for corporations looking for to entry capital throughout markets. Importantly, the joint process power will coordinate the 2 nations’ approaches in direction of cryptocurrency oversight.
The duty power was shaped 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 property whereas laws and regulatory regimes are nonetheless creating, in addition to choices for long-term collaboration and extra alternatives for wholesale digital markets innovation.”
In line with 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 Scale back Crypto Pink Tape: US-UK Launch Transatlantic Process Drive
Key Takeaways
Ripple govt Cassie Craddock just lately revealed that Ripple intends to capitalize on current US-UK regulatory collaborations.
All eyes might be on the gradual rollout of the UK’s full crypto regulation framework in 2026.
The publish What Is Ripple Planning With UK? Firm President Meets UK Economic system Secretary To The Treasury appeared first on 99Bitcoins.
