According to the source, the U.S. and U.K. are forming a Transatlantic Taskforce for Markets of the Future to coordinate crypto regulation and ease restrictions on cross-border investments, indicating a policy push toward regulatory alignment that matters for market access and compliance costs (source: user-provided report). This move aligns with the Financial Stability Board’s 2023 high-level recommendations urging globally consistent crypto-asset regulation to reduce fragmentation and regulatory arbitrage, a key factor for trading venues and institutional flows (source: Financial Stability Board, High-level recommendations for the regulation, supervision and oversight of crypto-asset activities and markets, July 2023). In the U.S., regulatory clarity has coincided with material capital inflows, exemplified by multi-billion-dollar net inflows into spot Bitcoin ETFs following the SEC’s January 10, 2024 approvals, underscoring how policy decisions can shift BTC market liquidity (source: U.S. SEC approval orders for spot Bitcoin ETFs, Jan 2024; issuer flow disclosures from iShares IBIT and Fidelity FBTC, Q1 2024). Near term, traders should monitor official communiqués and timelines from the U.S. Department of the Treasury, SEC, U.K. HM Treasury, and FCA, as implementation details can determine venue access, custody standards, and cross-border marketing rules that affect BTC and ETH liquidity and volatility (source: U.S. Treasury and HM Treasury crypto policy consultations 2023-2024; FCA policy statements on crypto promotions and stablecoins 2023-2024).