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Finance industry bodies urge Chancellor not to delay crypto regulation strategy
Finance industry bodies urge John Healey not to delay the UK's crypto and digital assets regulation strategy.
Key points
- Nearly a dozen industry bodies urged the government not to delay its digital assets strategy ahead of a Commons vote next week.
- The bill requires the government to publish and consult on the digital assets strategy within a year under Clause 50.
- Lord Pitt-Watson said in September that the 12-month deadline was redundant and risked cutting across work at regulators.
Why it matters. The outcome of the Commons vote could determine whether the UK keeps a fixed deadline for its crypto and stablecoin strategy, which the industry says is needed for investor confidence.
Nearly a dozen industry bodies, including Innovate Finance and The City UK, have urged John Healey to publish a digital finance blueprint within 12 months. They warned Britain could squander its head-start if the plans are not passed at a Commons vote next week. Lord Pitt-Watson called the 12-month deadline redundant at a Lords debate in September, while Coinbase's Katie Harries urged the government to retain it.
Latest updates
Finance industry bodies urge Chancellor not to delay crypto regulation strategy
Nearly a dozen industry bodies have warned the Chancellor not to delay plans to develop a central strategy on crypto. The groups are calling for a coherent government approach to both the regulation and the adoption of cryptoassets. City AM reported the warning on 2 November 2026. The intervention adds pressure on the Treasury to set out its approach and a timetable for it. The report did not specify a deadline for the strategy, and further detail on the Treasury's response was not available at the time of publication.