While Bitcoin and Ether are showing rapid gains on hopes that the Federal Reserve will stop tightening, the US and UK Treasury departments issued a joint statement outlining 10 principles intended to align stablecoin regulation on both sides of the Atlantic.

The document was prepared by the Transatlantic Working Group on Markets of the Future, created in September 2025 by US Treasury Secretary Scott Bessent and UK Chancellor of the Exchequer Rachel Reeves. At the core of the principles is a requirement for 100% backing of stablecoins with high?quality liquid assets and the segregation of reserves from the issuer's own funds, with clearly defined holder rights to fiat redemption. In the event of issuer bankruptcy, holders should receive priority claims on the reserves, and insolvency procedures are to be coordinated between countries.

The wording deliberately avoids strict rule harmonization. Each country intends to adapt its own rules to achieve comparable outcomes for comparable risks, rather than identical laws — an approach designed to reduce regulatory barriers to international competition without forcing full legislative copy?pasting between partners. The document also stresses avoiding rules that would undermine commercial viability or create unjustified barriers for new market entrants. In practice, this means issuers will not be required to fragment and lock excessive amounts of reserves separately for each jurisdiction; agreed liquidity standards should lower risks without unnecessarily tying up capital.

The US part of the framework builds on the already-passed GENIUS Act, whose full implementation is expected in early 2027. The UK is moving in parallel: in April, regulators proposed a unified payments framework combining stablecoins and tokenized deposits under one structure, and in May, the Financial Conduct Authority, together with the Bank of England, launched consultations on wholesale market tokenization with the aim of finalizing rules by the end of 2026.

Notably, the document intentionally does not name specific stablecoins such as USDC or USDT, instead setting issuer-neutral rules that any project could potentially meet.

Industry reaction was mixed. Coinbase CEO Brian Armstrong criticized the UK part of the initiative, warning that current restrictions on stablecoins could undermine competitiveness. Banking groups have argued the other way, warning that insufficiently clear stablecoin rules could accelerate deposit outflows from smaller banks as customers shift funds from traditional accounts into digital assets.

The publication of the principles coincided with continued pressure from President Trump on the Senate to pass the CLARITY Act before the August recess — a goal the president directly connects with making the US the world's crypto capital.

Trading recommendations

Bitcoin

Buyers are currently targeting a return to $65,600, which would open a direct path to $67,700 and then toward $69,400 — a break above the latter would signal attempts to revive the bull market. On the downside, I expect buyers at $64,100. A move back below that area could quickly push BTC toward $62,000. The furthest downside target would be around $60,600.

Ethereum

A clear hold above $1,893 opens a direct path to $1,963. The farther target is the high near $2,025; breaking above that would indicate strengthening bullish sentiment and renewed buyer interest. On the downside, I expect buyers at $1,819. A drop back below that area could quickly push ETH toward $1,740. The furthest downside target would be around $1,650.

What's on the chart

• The red lines represent support and resistance levels, where the price is expected to either pause or react sharply.
• The green line shows the 50-day moving average.
• The blue line is the 100-day moving average.
• The lime line is the 200-day moving average.

Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market.