UK House of Lords Backs Digital Asset Strategy
Lawmakers backed a 194-138 vote requiring the Treasury to publish a strategy for cryptoassets, stablecoins and tokenized securities.
- On Wednesday, the House of Lords backed Amendment 88 in a 194-138 vote, requiring the Treasury to develop a digital asset strategy despite Labour opposition.
- Introduced by Conservative peer Baroness Neville-Rolfe, the amendment argues that the UK's work on digital assets lacked a single policy framework.
- Clause 50 requires the Treasury to consult with the Bank and other regulators before publishing a strategy within 12 months of Royal Assent.
- The Financial Services and Markets Bill must return to the House of Commons, where lawmakers can accept, amend, or reject the Lords' changes.
- Lord Chris Holmes questioned whether the country is "simply regulating digital assets" or "building a digital assets economy," emphasizing the strategy's broader scope.
13 Articles
13 Articles
UK digital asset strategy wins House of Lords backing in 194–138 vote
The UK House of Lords has voted 194–138 to require the Treasury to publish and consult on a national digital asset strategy within 12 months of the Financial Services and Markets Bill becoming law. UK digital asset strategy amendment sets…
House of Lords Backs UK Digital Asset Strategy in 194-138 Vote
The UK House of Lords approved a requirement for the Treasury to develop a national digital asset strategy, backing Amendment 88 by 194 votes to 138 during the Financial Services and Markets Bill’s report stage on September 9. The amendment would require the Treasury, within 12 months of the legislation passing, to prepare, publish and… Continue reading House of Lords Backs UK Digital Asset Strategy in 194-138 Vote
Government Defeated As Lords Back UK Digital Assets Strategy
The UK government suffered a defeat in the House of Lords on Wednesday as peers backed an amendment requiring the Treasury to draw up a national strategy for regulating digital assets. The upper chamber approved the measure by 194 votes to 138, with Conservative and Liberal Democrat peers combining against a near-solid bloc of Labour votes. Baroness Neville-Rolfe, a Conservative former Treasury minister, moved the amendment to the Financial Serv…
UK Lords Force Treasury's Hand on Digital Assets With 56-Vote Margin
The House of Lords voted 194–138 on September 9 to make the Treasury build a national digital asset strategy. Not… Read the original on UK Lords Mandate Digital Asset Strategy in Financial Services and Markets Bill. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
