LONDON (Reuters) -The governments of Britain and the United States will set up a body to reduce red tape for firms seeking to access capital markets on both sides of the Atlantic and improve cooperation on crypto assets, Britain’s finance ministry said on Monday.

The Transatlantic Taskforce for Markets of the Future will report back within 180 days on ways to enhance collaboration in the short term and on longer-term options, including in wholesale digital markets, the Treasury said.

Creation of the taskforce was approved by British finance minister Rachel Reeves and U.S. Treasury Secretary Scott Bessent last week when President Donald Trump made a state visit to Britain.

U.S. and UK finance ministry officials will chair the new body that will also include regulators from both countries

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