India, US Officials ‘Working Through’ Trade Deal Talks, Jaishankar Says

The signal here is process, not substance: talks are described as ongoing and directionally positive, but with no terms or timeline attached, which leaves the actual scope of any pact — including how digital assets, tokenization or cross-border data provisions might be treated — entirely undefined. For crypto and RWA markets, US-India trade engagement matters mainly as a channel through which regulatory and market-access questions could eventually be addressed. Whether the dialogue produces concrete commitments rather than continued engagement is the open question.