Coinbase Backs UK Stablecoin Regulation & Blockchain Trials
Coinbase has launched and amplified a UK government petition calling for clear stablecoin regulation and public sector blockchain trials. Live since July, the petition surpassed 5,000 signatures after Coinbase sent in-app alerts urging users to sign. It needs 10,000 signatures to secure a formal government response and 100,000 to trigger a parliamentary debate by March 3, 2026. Petitioners propose establishing a practical stablecoin regulation and tokenization framework, launching blockchain trials across government services, and appointing a senior crypto policy coordinator. The campaign has been boosted by social media outreach, a satirical video and commentary from adviser George Osborne. Advocates warn that without timely stablecoin regulation and blockchain adoption, the UK risks losing its financial edge to the US, which favours private stablecoins over a CBDC. Regulatory clarity could unlock new trading opportunities in tokenized assets and strengthen market confidence.
Bullish
Clear stablecoin regulation and government-backed blockchain trials reduce market uncertainty and boost institutional confidence. In the short term, the campaign drives positive sentiment around stablecoin projects, potentially increasing trading volumes. Over the long term, a practical framework for tokenization and a dedicated crypto policy lead will foster innovation, expand market infrastructure and encourage adoption of digital assets. This regulatory clarity is likely to support stablecoin demand and underpin bullish momentum.