- Coinbase supports a United Kingdom petition calling for stablecoin rules and wider blockchain adoption.
- The petition has attracted more than 5,000 signatures; 10,000 triggers a government response and 100,000 prompts a parliamentary debate.
- Backers warn the UK risks falling behind without a clear crypto strategy.
A public petition urging the United Kingdom to adopt a pro-innovation approach to blockchain and stablecoins gained momentum after cryptocurrency exchange Coinbase encouraged its users to back the initiative.
Live on the UK government website since July, the petition calls for a comprehensive framework that would include regulation of stablecoins, broader blockchain adoption, and the appointment of a senior official to oversee crypto policy.
Initially the petition attracted modest attention, but interest accelerated this week after Coinbase issued in-app notices prompting users to sign.
Screenshots shared on social media showed alerts from the exchange urging customers to “help the UK lead on stablecoin innovation now.”
At the time of writing, the petition has surpassed 5,000 signatures.
Once it reaches 10,000 signatures, the government is required to publish a formal response.
If support climbs to 100,000 signatures, the proposal will be considered for debate in Parliament.
The petition remains open until 3 March 2026.
Calls for regulatory clarity and innovation
The petition sets out three specific asks: create a regulatory framework for stablecoins and tokenisation, support the adoption of blockchain in government functions, and appoint a senior official tasked with oversight of crypto policy.
Supporters argue that stablecoins are foundational to a tokenised economy and that regulatory certainty is essential for the UK to remain competitive.
The petition notes that other jurisdictions have embraced stablecoins as an alternative to a central bank digital currency (CBDC), arguing that without a clear strategy the UK risks falling behind.
“This is a matter of national interest in preserving the competitiveness of our financial centre and the global standing of the pound,” the petition states.
Advocates warn that without timely action, the UK could forfeit advantages to other jurisdictions pursuing more assertive digital asset strategies.
Coinbase’s role in shaping UK crypto policy
Coinbase has publicly campaigned for clearer regulation of digital assets in the United Kingdom.
In recent months the exchange has stepped up efforts to shape public debate and influence policy development.
On July 31, Coinbase published a satirical video titled “Everything is Fine.”
The video juxtaposed upbeat copy praising the British financial system with visuals of inflation, poverty and economic hardship, offering a pointed critique of the status quo.
Days later, on August 5, former UK chancellor and current Coinbase adviser George Osborne published an opinion piece in the Financial Times.
In the article Osborne warned that the UK was falling behind in the global race for digital assets and highlighted stablecoins as a key area where the country could advance.
Coinbase’s support for the petition reflects its broader strategy to press for regulatory clarity and foster a more favourable operating environment for digital assets in the UK.
With the petition now more than halfway to the threshold that triggers a formal government response, the campaign underscores growing pressure on policymakers to provide clear direction on stablecoins and blockchain innovation.