Over 1,000 crypto advocates packed into East London’s E1 club last Wednesday, and they had one message: the UK needs to move faster on stablecoin regulation, or risk becoming a footnote in the global digital asset race.
The Stand With Crypto rally followed major blockchain conferences and brought together enthusiasts from around the world. But beneath the excitement lies growing frustration—while competitors sprint ahead with clear regulatory frameworks, the UK is still warming up.
Stand With Crypto Flexes Its UK Muscle
Stand With Crypto isn’t messing around. The US-born advocacy movement has amassed over 150,000 UK supporters, with 100,000 joining in just four months. That’s serious momentum.
Their petition demanding a pro-innovation blockchain and stablecoin strategy already has 25,000 signatures. The goal? Hit 100,000 to force a parliamentary debate and put crypto regulation front and centre in Westminster.
Harry Pearce Gould, who leads the UK chapter, put it bluntly: “The global race for digital assets is on—and we want the UK to be a world leader. But we need the government to set the direction and regulators to create a framework where innovation can actually happen.”
Translation: stop talking, start legislating.
The UK’s Crypto Progress Report (Spoiler: Mixed Results)
To be fair, the UK hasn’t been completely asleep at the wheel. Recent months brought some wins:
Regulatory Green Lights
- October: IG became the first UK-listed broker to snag an FCA crypto asset licence
- Mid-October: The FCA rolled out tokenisation guidance to help firms adopt the tech without regulatory whiplash
- Late October: Retail investors got the green light to buy crypto ETFs
- This week: BlackRock’s iShares Bitcoin ETP listed on the London Stock Exchange, giving everyday investors bitcoin exposure without the custody headaches
But Here’s the Problem
While the UK celebrates these baby steps, the rest of the world is running marathons. The EU, US, Singapore, Hong Kong, and Japan have all implemented dedicated stablecoin regulatory frameworks. The UK? Still drafting.
Why Stablecoin Regulation Actually Matters
A recent report from Imperial Business School—Mind the Gap: How Stablecoins Can Secure the UK’s Financial Future—delivered an uncomfortable truth: Britain is losing its fintech edge.
Stablecoins aren’t just crypto novelties. They’re becoming critical infrastructure for cross-border payments, DeFi, and digital commerce. Without clear rules, UK businesses can’t build, investors stay cautious, and talent looks elsewhere.
The report’s warning was stark: act now, or watch London’s financial leadership slip away.
What Happens Next?
Stand With Crypto isn’t backing down. Pearce Gould made it clear: “We’ve already achieved 25,000 signatures, but we need 100,000 to force a debate in Parliament.”
Speakers like Jolly Layard Horsfall (CFO of Flight3) and Harry Horsfall (CEO of Flight3) echoed the same theme—regulation should enable innovation, not suffocate it.
The crypto community is watching. The question is whether UK policymakers will respond before the opportunity passes them by.
Want to stay ahead of crypto regulation developments? Keep an eye on Stand With Crypto’s petition progress and FCA announcements.
FAQ: UK Stablecoin Regulation Explained
Q1: What is Stand With Crypto?
A: Stand With Crypto is a political advocacy movement originally from the US that pushes for smart digital asset regulation. It’s gained massive traction in the UK with over 150,000 supporters demanding clearer crypto and stablecoin rules.
Q2: Why does the UK need stablecoin regulation urgently?
A: Major economies like the EU, US, Singapore, and Hong Kong already have stablecoin frameworks in place. Without one, the UK risks losing fintech companies, investment, and its competitive edge in digital finance.
Q3: What recent crypto wins has the UK achieved?
A: The FCA approved IG as the first UK-listed crypto broker, released tokenisation guidance, allowed retail crypto ETFs, and welcomed BlackRock’s Bitcoin ETP to the London Stock Exchange. Progress, but not enough, say experts.
Q4: How many signatures does the petition need?
A: The Stand With Crypto petition needs 100,000 signatures to trigger a mandatory parliamentary debate. It’s currently at 25,000 and climbing fast.
Q5: Will the UK actually become a crypto leader?
A: That depends on how quickly regulators move. The infrastructure and interest are there, but without decisive action on stablecoin regulation, London could lose ground to Frankfurt, Singapore, or New York.
DISCLAIMER
Effective Date: 15th July 2025
The information provided on this website is for informational and educational purposes only and reflects the personal opinions of the author(s). It is not intended as financial, investment, tax, or legal advice.
We are not certified financial advisers. None of the content on this website constitutes a recommendation to buy, sell, or hold any financial product, asset, or service. You should not rely on any information provided here to make financial decisions.
We strongly recommend that you:
- Conduct your own research and due diligence
- Consult with a qualified financial adviser or professional before making any investment or financial decisions
While we strive to ensure that all information is accurate and up to date, we make no guarantees about the completeness, reliability, or suitability of any content on this site.
By using this website, you acknowledge and agree that we are not responsible for any financial loss, damage, or decisions made based on the content presented.
