The UK House of Lords voted 194-138 to require the Treasury to establish a framework for cryptoassets, stablecoins, tokenized securities, and digital settlement systems. This amendment to the Financial Services and Markets Bill mandates the publication of a national digital asset strategy within 12 months of the legislation becoming law.

Lawmakers pushed the amendment to align the UK with the European Union’s Markets in Crypto-Assets (MiCA) framework and the CLARITY Act in the United States. The required strategy will define the government's regulatory approach to digital assets to prevent the UK from falling behind other international financial hubs.