UK Parliament Passes Digital Asset Strategy Mandate by 194-138 Vote

The UK Parliament’s House of Lords has passed an amendment by a vote of 194 to 138, directing the Treasury to establish a national digital asset strategy. The amendment was added to the Financial Services and Markets Bill, according to Bitcoin.com News on September 9. The parliamentary voting record shows the amendment received 194 votes in favor and 138 against.

The amendment requires the Treasury to develop and publish the strategy within 12 months of the bill becoming law, covering cryptocurrencies, stablecoins, tokenized securities, and digital financial infrastructure. It also mandates review of access to banking, payment, and settlement services for relevant companies, as well as consumer protection measures.

The bill will now return to the House of Commons for further consideration following the amendment’s passage in the House of Lords.