What Is Crypto Passporting? Adrienne Harris Advocates For US-UK Passporting Scheme

A new facet to international financial regulation is crypto passporting. Similar to how European Union (EU) financial services companies can operate across member states under a single license, a US-UK passporting scheme. Crypto companies face significant barriers while expanding internationally. For example – a New York based company trying to expand in London will be.. The post What Is Crypto Passporting? Adrienne Harris Advocates For US-UK Passporting Scheme appeared first on 99Bitcoins.

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Oct 1, 2025 - 03:00

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A new facet to international financial regulation is crypto passporting. Similar to how European Union (EU) financial services companies can operate across member states under a single license, a US-UK passporting scheme. Crypto companies face significant barriers while expanding internationally. For example – a New York based company trying to expand in London will be impacted by costs and delays. Crypto passporting would allow crypto companies regulated in one country to operate in the other without necessarily undergoing the entire authorization processes.

According to Simon Jennings, executive director of the UK Cryptoasset Business Council trade body, “Co-ordinated regulation, including the potential for digital asset passporting, would enhance investor protection, cut compliance costs and make cross-border markets far more interoperable.”

US-UK crypto passporting is the unlock – harmonize now and let liquidity, listings, and builders flow across both shores, or watch the next trillion in market cap ship out elsewhere
— booba (@boobacrypto) September 30, 2025

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“You really shouldn’t have ideology in financial regulation,” Said Harris

Adrienne Harris, the departing head of New York’s Department of Financial Services (DFS) has thrown her support behind the US-UK crypto passporting scheme. “You really shouldn’t have ideology in financial regulation,” Harris stated. “You can protect consumers and support business at the same time; this can be mutually reinforcing.”

The DFS has a strong influence on the global cryptocurrency landscape as not only the regulator overseeing major financial institutions including Goldman Sachs, Deutsche bank and Barclays, but also the supervisor of some of the largest crypto companies like Coinbase and Circle.

However, Harris announced her resignation after serving as the department head for four years.