Guy Fawkes 
On 12 November 2025, Ripple President Monica Long met with UK’s economic Secretary to the Treasury, Lucy Rigby, to discuss how digital assets can boost the country’s competitiveness and growth. The meeting has led to speculation about Ripple’s next move in the UK and about the UK’s ambitions towards digital assets and blockchain. Long took to X to say that the UK is “building on its status as one of the leading financial hubs of the world.”
Notably, Rigby’s role in financial regulation is not missed by the crypto community as she directly engages with Ripple. Meanwhile, Ripple executive Cassie Craddock recently revealed that the company intends to capitalize on the recent US-UK regulatory collaborations.
With a picture on X, Rigby said, “Exciting discussion with Ripple’s Monica Long here in Singapore on fostering innovation in digital assets and our new dedicated support for global fintech scaling in the UK.”
After victories against the US Securities and Exchange Commission (SEC), Ripple has applied to register as a crypto asset firm with the UK’s Financial Conduct Authority (FCA).
Great to welcome the UK’s Economic Secretary to the Treasury @LucyRigby at Ripple’s Singapore office to discuss how digital assets can boost the UK’s competitiveness and growth, building on its status as one of the leading financial hubs of the world. pic.twitter.com/dIB7SBH4RE
— Monica Long (@MonicaLongSF) November 12, 2025
Rigby took a meeting with Kraken Co-CEO Arjun Sethi as well. However, Sethi openly criticised the UK’s crypto regulation.
Great to meet with Arjun Sethi & his team at @krakenfx this afternoon to discuss the exciting opportunities for digital asset innovation in
pic.twitter.com/b9Ayo93jYC
— Lucy Rigby KC MP (@LucyRigby) November 6, 2025
“UK users are blocked from about 75% of crypto products, including DeFi staking and lending,” said Kraken Co-CEO
“In the UK today, if you go to any crypto website, including Kraken’s, you see the equivalent to a cigarette box warning — ‘use this and you’re going to die,” said Kraken Co-CEO Arjun Sethi. “Because of the speed at which they have to do the transaction, it’s worse for consumers. Disclosures are important but if there are 14 steps, it’s worse.”
Furthermore, he criticized the UK’s strict crypto regulations for hindering capital flows and hurting user experience.
Sethi also said Kraken won’t offer tokenized shares of private companies like Robinhood did, calling its tokenized OpenAI shares “a terrible idea.”
The crypto community on X showed support for Sethi.
“UK regulations are stifling growth for sure. It’s like they’re pushing innovation out the backdoor. And tokenized shares? Total hype-no real utility,” said @DrigaDenis.
Honestly, Sethi isn’t wrong the UK’s turning its crypto scene into a museum.
When you block 75% of the market, innovation doesn’t pause, it just moves elsewhere.
DeFi’s not the enemy, overregulation is.
And yeah, tokenizing private shares? That’s reckless hype, not progress.…— Joe | KOL & Alpha Crypto Influencer (@SelfSuccessSaga) November 12, 2025
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What is the US-UK Launch Transatlantic Task Force?
Recently, the US and UK governments have announced a strategic partnership by creating a formal joint task force designed to reduce regulatory friction for firms seeking to access capital across markets. Importantly, the joint task force will coordinate the two countries’ approaches towards cryptocurrency oversight.
The task force was formed during Trump’s visit out of high-level talks between UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent.
On 22 September 2025, the US Department of the Treasury (DoT) released a statement saying, “The purpose of the Taskforce is to explore options for short-to-medium term collaboration on digital assets while legislation and regulatory regimes are still developing, as well as options for long-term collaboration and additional opportunities for wholesale digital markets innovation.”
According to the US DoT, “the Transatlantic Taskforce for Markets of the Future should report within 180 days.”
Explore: After Trump’s Visit Britain Set To Reduce Crypto Red Tape: US-UK Launch Transatlantic Task Force
Key Takeaways
The post What Is Ripple Planning With UK? Company President Meets UK Economy Secretary To The Treasury appeared first on 99Bitcoins.
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