A public petition urging the U.K. government to adopt a national blockchain strategy has crossed 5,000 signatures, boosted by direct support from cryptocurrency exchange Coinbase. The petition, hosted on the official Parliament website, calls for a comprehensive digital assets framework, a stablecoin policy, and the appointment of a dedicated “blockchain czar” to oversee implementation.
The petition emphasises that without clear rules, the U.K. risks falling behind rival financial hubs. It highlights the need to preserve the global competitiveness of both the City of London and sterling. Former Chancellor George Osborne, now an adviser to Coinbase, has echoed similar concerns in past commentary.
Coinbase has actively promoted the effort, sending in-app notifications to its U.K. users urging them to “help UK lead stablecoin innovation now.” Screenshots of the messages quickly spread on social media, adding momentum to the initiative.
Under parliamentary rules, the government must respond if the petition reaches 10,000 signatures, and it will be considered for debate in Parliament if it secures 100,000 signatures before its March 3, 2026, deadline.
The push comes as industry leaders and the public increasingly pressure policymakers to clarify crypto regulations. The government’s eventual response will signal how committed it is to fostering innovation while managing risks in the fast-changing digital asset landscape.
