UK, US Discuss Joint Crypto Passporting Sandbox, Says Former MP Lisa Cameron

Lisa Cameron, a former Member of Parliament and the head of the UK-US Crypto Alliance, claims that US and UK lawmakers are moving closer to making a combined crypto sandbox. Cameron told Cointelegraph that her group expects this to happen because they have had numerous discussions with U.S. senators and members of the Crypto Task Force. 

The effort intends to harmonize crypto policy and simplify market access between the nations by facilitating “passporting” – mutual recognition of crypto licenses and compliance standards. Cameron was excited about the idea and said it was a large step forward for the industry. 

She said that there was a lot of support from groups that wanted clear rules, especially when it came to allowing crypto licenses to be used in both the and the US. This could also happen in the EU in the future.

Goals: Regulatory Clarity and Passporting

The operational architecture for the proposed sandbox is likely to focus on making it easier for crypto firms to work in both jurisdictions by setting clear rules. Cameron stated that feedback from the sector indicates the importance of simplifying the process of transferring licenses and obtaining regulatory recognition. 

This would assist both new and established businesses in growing their operations more rapidly on both sides of the . Organizations have said that the absence of clear rules is a large difficulty. 

This has made some organizations less likely to remain in the UK or the US and has prompted others to viewk more favorable locations for doing business abroad. said that the time to take advantage of this opportunity is short and encouraged authorities to move rapidly to prevent fintech expertise and market share from being captured by competitors in other countries.

As Regulation Advances, Momentum Builds

The two governments are working more closely together on regulating digital assets following recent steps they have taken. The US and UK have launched a transatlantic task group focusing on short- to medium-term collaboration linked to digital assets, with frequent conversations between treasury departments already underway.

Reports from September indicated UK trade groups lobbying for blockchain and crypto to be included in the broader “Tech Bridge” partnership, further cementing transnational interest.

Just days before Cameron’s statement, the Bank of England a consultation paper on stablecoins, proposing a regulatory regime for systemic sterling-denominated digital assets used in payments. The framework is based on US policy, specifically the GENIUS Act, which shows that both sides of the Atlantic are moving toward similar regulatory approaches.

Urgency and Industry Concerns

Cameron highlighted that regulatory delay in the UK might have severe implications, as corporations increasingly relocate operations to more favorable governments. She emphasized that UK policymakers must match the speed and boldness of efforts to support domestic innovation and maintain global competitiveness in the cryptocurrency realm.

With mounting US leadership in frontier technologies, Cameron believes the UK cannot afford delay. She underscored the significance of smart, swift regulatory action and highlighted sector concerns about dwindling support for homegrown companies.

The potential of a collaborative crypto passporting sandbox signals a new era of international cooperation, designed to facilitate innovation, business mobility, and regulatory harmonization within the global digital asset ecosystem.