The UK House of Lords has approved an amendment requiring the Treasury to develop a comprehensive digital asset strategy within 12 months of the Financial Services and Markets Bill becoming law. The vote, 194–138, came despite opposition from the Labour government, which argued the measure did not sufficiently address the evolving landscape of digital assets. The amendment, introduced by Conservative peer Baroness Neville-Rolfe, mandates the publication and consultation of a strategy covering cryptoassets, stablecoins, and tokenized securities, with a focus on innovation, consumer protection, and access to financial services such as banking and payments. The bill remains under review in the House of Commons, where further amendments could be made before final passage.
UK Lords Approve Mandatory Digital Asset Strategy Amid Labour Opposition
Parliament’s upper house backs Treasury’s 12-month plan to regulate cryptoassets, stablecoins and tokenized securities, despite Labour’s pushback on a statutory framework.
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Sophie Laurent · FX & Rates Desk · 22 Sept 2026 · 08:59 · 1 min read
This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Sophie Laurent
FX & Rates Desk
Sophie covers currency markets and central bank policy across Europe, with a focus on how rate decisions ripple through FX pairs. She has been tracking the ECB's policy path since the start of the current easing cycle.
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