TREE NEWS update: The UK House of Lords voted 194 to 138 on Wednesday to pass an amendment requiring the government to draw up a digital asset strategy, despite opposition from the governing Labour Party. Introduced by Conservative peer Baroness Neville-Rolfe, the amendment would require the Treasury to draft, publish and consult on the strategy within 12 months of the Financial Services and Markets Act taking effect, covering crypto assets, stablecoins and tokenised securities. The bill still goes to the House of Commons, which may accept, amend or reject the Lords’ changes.
UK House of Lords Votes 194-138 to Demand National Digital Asset Strategy
AI take
The Lords' cross-party majority signals that UK digital-asset policy is being pulled by Parliament rather than driven by the executive, which matters for how quickly a framework emerges. The amendment's scope — cryptoassets, stablecoins and tokenised securities — suggests tokenised securities are being folded into the same policy track as crypto, a framing that could shape institutional participation. The open question is whether the Commons accepts, amends or rejects the change; that outcome, not the Lords vote itself, determines whether a statutory strategy actually lands.
Generated by AI for reference only.
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