U.S. and EU Strengthen Cooperation on Digital Asset Regulation

According to PANews, U.S. and European regulators are intensifying their collaboration on digital asset rules, enhancing cross-border cryptocurrency oversight. The U.S. Treasury released a statement on July 1 detailing discussions held at the EU-U.S. Joint Financial Regulatory Forum in Brussels on June 24-25. During the forum, financial regulators from both regions addressed shared concerns regarding cryptocurrency regulation. The U.S. Treasury noted that participants continued to exchange views on digital finance issues. The European Union provided updates on the implementation of the Markets in Crypto-Assets Regulation (MiCA), emphasizing the importance of the Financial Stability Board's work and sharing considerations on the development of the digital euro. Meanwhile, the U.S. outlined its policy priorities concerning digital assets and related initiatives. The forum was jointly hosted by the European Commission and the U.S. Treasury, with both parties coordinating to inform each other of key regulatory actions. Digital assets were central to the discussions. Additionally, the forum covered efforts to enhance cross-border payments, with the EU presenting progress on the Digital Operational Resilience Act (DORA) and the U.S. reporting on cybersecurity measures. This forum underscored the value of regulatory coordination, with industry advocates calling for a globally unified regulatory framework.