UK House of Lords backs mandatory digital-asset strategy

The UK House of Lords has backed an amendment that would require the Treasury to create a national strategy for digital assets, according to Cointelegraph. The proposed framework would cover cryptoassets, stablecoins, tokenized securities and digital financial infrastructure. The amendment sets out a broader remit than a strategy focused solely on cryptocurrencies, extending to asset tokenization and the infrastructure supporting digital finance. The move comes against the position of the Labour Party, as reflected in Cointelegraph’s report title. The source did not provide further details on the amendment’s legislative status, implementation timetable or the Treasury’s response. For crypto markets, the development is relevant as it indicates parliamentary support for a formal, cross-sector approach to digital-asset policy in the UK, although the supplied information does not establish whether the strategy will become law or describe any potential regulatory measures.