Politics

REP. FRENCH HILL MEETS UK CRYPTO ALLIANCE AS LONDON AND WASHINGTON HASH OUT DIGITAL ASSET RULES

Gary FranchiOctober 5, 202614 views
Transatlantic dialogue on digital asset policy takes center stage in US-UK crypto talks.
Transatlantic dialogue on digital asset policy takes center stage in US-UK crypto talks. | Next News Editorial Illustration
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Congressman French Hill says he met last month with the United Kingdom's Minister of State for Artificial Intelligence, Kanishka Narayan, along with a bipartisan group of British lawmakers and crypto industry leaders, in a conversation centered on the growing UK-US Crypto Alliance.

In a post to his official account, @RepFrenchHill, the Arkansas Republican wrote: "Had a great conversation with members of the UK-US Crypto Alliance, including UK Minister of State for Artificial Intelligence Kanishka Narayan MP, Alliance Founder and Chair Dr. Lisa Cameron, House of Lords Member Lord Ranger of Northwood, former Cabinet Minister Sir Gavin Williamson CBE, and leaders from EasyA."

A separate post from the same account that day repeated the description, noting a discussion with the same roster of participants.

The mention of a "UK-US Crypto Alliance" places the meeting in a widening push by policymakers on both sides of the Atlantic to coordinate rules for digital assets, stablecoins and blockchain-based finance. Britain has been drafting its own framework for crypto assets under the Financial Conduct Authority, while Congress has spent the better part of two years arguing over market-structure legislation that would divide oversight of digital assets between the Securities and Exchange Commission and the Commodity Futures Trading Commission.

The meeting also included figures whose portfolios reach past crypto alone. Kanishka Narayan holds the AI brief in the UK government, a post that overlaps with the crypto conversation as regulators wrestle with automated trading, tokenization and the energy demands of large-scale computing. Lord Ranger of Northwood sits in the House of Lords, where UK crypto and digital policy debates have played out. Sir Gavin Williamson is a former cabinet minister who has stayed in the public conversation on technology and defense issues. Dr. Lisa Cameron, identified in the post as the alliance's founder and chair, has been a fixture in UK digital asset advocacy.

EasyA, the firm referenced at the end of the list, is a crypto and blockchain learning platform that has hosted widely attended developer events in London and the United States. Its inclusion suggests the conversation touched not only on policy but on the developer pipeline that both governments have cited as a reason to keep crypto firms onshore.

Hill's role in the House is relevant to the subject matter. He has been among the Republicans most engaged on financial technology and digital assets, and his district in central Arkansas includes the Little Rock area. His posting about the meeting amounts to a public signal that the transatlantic crypto conversation now runs through members of Congress as well as through Treasury and the White House.

What the posts do not do is lay out what was agreed, what was proposed, or whether any legislation or memorandum of understanding is in the works. No readout of the meeting from the UK side has been published, and no further details about the discussion's contents have been released by Hill's office or by the participants named. The posts describe a conversation, not an agreement.

It is also not yet known whether the meeting was held at Hill's Capitol Hill office, in London, or on the sidelines of a larger summit. The posts place the conversation "last month," relative to the October fifth posting date, meaning late September. No photographs or transcripts from the discussion have been made public.

The UK-US Crypto Alliance itself has a relatively light public footprint. Its formation and formal membership list have not been widely reported, and the title "founder and chair" for Cameron is drawn from the Arkansas congressman's own description. It is not yet confirmed what the alliance's funding structure, mission statement or full roster of members looks like, or whether it operates as a registered organization in either country.

The timing of the meeting lands amid a broader international push on digital asset coordination, with Brussels implementing its Markets in Crypto-Assets regulation, Singapore and Hong Kong competing for exchange listings, and Washington still debating the shape of its own rules. For UK officials, a closer working relationship with US lawmakers could matter as London looks to keep its financial services sector competitive after Brexit reshaped its access to European markets.

The participants listed by Hill represent a mix of current government, upper chamber and former cabinet talent, alongside a private-sector education platform. That mix is typical of the informal diplomacy that surrounds crypto policy, where regulators, legislators and industry figures often meet outside formal treaty channels.

The posts from @RepFrenchHill are the only public account of the meeting reviewed here. A social media post is a post, not reporting, and the details of the discussion rest on the congressman's own description of it. No independent confirmation of who attended or what was discussed has been published by any of the other named parties.

Our Take

Washington and London are both trying to write the rules for a technology that does not respect borders, and the UK-US Crypto Alliance is one of the vehicles now carrying that conversation. French Hill's decision to publicize the meeting matters less for what it produced, which appears to be nothing concrete, than for what it signals: that American legislators want a seat at the table when Britain sets its digital asset policy, and British officials want the same in return. The list of names is heavy on titles and light on deliverables, and that is the honest read of the post. No framework, no deadline, no agreement. Just a conversation. That is not nothing in a policy area where the two countries have often talked past each other. But conservative readers should be clear-eyed about the direction of travel. Every one of these meetings normalizes the idea that crypto needs a diplomatic track, and normalization is how regulatory frameworks get built. If Congress is going to have a say in how digital assets are governed, it should be through legislation debated in public, not through informal alliances announced on social media after the fact. Hill is entitled to take the meeting. The public is entitled to know what was said.

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Gary Franchi
Gary Franchi

Chief White House Correspondent at Next News Network. Executive Producer and Lead Anchor.

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