- Coinbase supports a UK petition calling for stablecoin rules and blockchain adoption.
- The petition has passed 5,000 signatures; 10,000 triggers a government response, 100,000 a parliamentary debate.
- Supporters warn the UK risks falling behind without a clear crypto strategy.
A public petition urging the United Kingdom to adopt a pro-innovation strategy for blockchain and stablecoins has gained momentum after cryptocurrency exchange Coinbase encouraged its users to back the campaign.
The petition, which has been live on the UK government website since July, calls for a comprehensive framework covering stablecoin regulation, wider blockchain adoption across government services, and the appointment of a senior official to oversee crypto policy.
Initially the petition attracted limited attention, but interest surged this week after Coinbase shared in-app messages asking customers to sign.
Screenshots circulated on social media showed announcements from the exchange urging users to “help the UK lead stablecoin innovation now.”
At the time of writing the petition has exceeded 5,000 signatures.
Reaching 10,000 signatures will require an official government response.
If total signatures hit 100,000, the proposal will be considered for parliamentary debate.
The petition remains open until 3 March 2026.
Calls for regulatory clarity and innovation
The petition sets out three specific demands: the creation of a regulatory framework for stablecoins and tokenisation, the promotion of blockchain adoption within public services, and the appointment of a senior official tasked with overseeing crypto policy.
Supporters argue that stablecoins form the foundation of a tokenised economy and that clear regulation is essential to keep the UK competitive.
The petition highlights that the United States is prioritising private-sector stablecoins over a central bank digital currency (CBDC), suggesting the UK could be left behind without a coherent strategy.
“This is a question of national interest to preserve the city’s competitiveness and the pound’s global standing,” the petition states.
Backers warn that without timely action the UK risks losing its edge to jurisdictions pursuing more aggressive digital asset strategies.
Coinbase’s role in shaping UK crypto policy
Coinbase has been a vocal advocate for clearer digital-asset regulation in the UK.
In recent months the exchange has intensified efforts to influence public debate and policymaking.
On 31 July, Coinbase released a satirical video titled “Everything is Fine.”
The video paired upbeat celebratory lyrics about Britain’s financial system with images highlighting inflation, poverty and other economic hardships, offering a pointed critique of the status quo.
Days later, on 5 August, former chancellor and current Coinbase adviser George Osborne published an opinion piece in the Financial Times.
Osborne warned that the UK risks falling behind in the global race for digital assets and singled out stablecoins as an area where the country has ceded ground.
Coinbase’s endorsement of the petition reflects its broader strategy to push for regulatory clarity and to foster a more supportive environment for digital assets in the UK.
The petition is already halfway to the government response threshold, underscoring rising pressure on policymakers to set direction for stablecoins and blockchain innovation.