UK House of Lords forces Treasury to develop crypto strategy
- —Amendment 88 passed by 194 votes to 138
- —The strategy must cover cryptocurrencies, stablecoins and tokenization
- —The Labour government opposed it, citing its existing plan
- —The bill will return to the House of Commons, where the amendment could be rejected
Why it matters: The UK could accelerate crypto regulation to avoid falling behind the EU's MiCA and the US CLARITY Act.
Source: Cryptoast