UK Lawmakers Urged to Prioritize Crypto Regulation Amid Industry Boom

As of August 2025, a parliamentary group in the UK is working to bring cryptocurrency back to the forefront of the legislative process after a year-long hiatus. The new co-chairs of the All-Party Parliamentary Group for Crypto and Digital Assets, Gurinder Singh Josan and Edward Vaizey, are urging lawmakers to establish clear rules for the industry.

The call to action comes amid concerns that the government's failure to pass meaningful crypto legislation could push businesses to more welcoming jurisdictions. Labour Party backbencher Singh Josan warns that sluggish lawmakers could also lead to more money flowing into dodgy schemes, which he says "is not just bad for jobs and investment, it also risks pushing UK consumers towards unregulated offshore providers."

The industry lobby has echoed similar concerns, with representatives from companies like Coinbase and Ripple lamenting that Britain is falling behind other regions in crypto regulation. While the European Union has started to enforce its own crypto laws and the US has approved a stablecoin bill, the UK still lacks clear rules on stablecoins, digital asset ownership, and the regulation of crypto firms.

This regulatory uncertainty has already had consequences, with the UK losing out on initial public offerings (IPOs) due to a general lack of liquidity that has seen the likes of fintech stalwart Revolut and crypto exchange Bitpanda list in New York instead of London. Meanwhile, the crypto market has surged to over $4 trillion, and about 12% of UK adults now own digital assets, up from 4% in 2021.