Coinbase Ignites UK Blockchain Revolution — Will Parliament Finally Wake Up?
Coinbase just dropped a regulatory bombshell—launching a massive public petition to force Parliament's hand on blockchain legislation.
The crypto giant's aggressive move targets Westminster's sluggish approach to digital asset regulation, demanding concrete action rather than endless consultation papers.
Behind the push? Coinbase's growing frustration with the UK's 'wait-and-see' stance while the EU and Asia sprint ahead with clear frameworks. The petition needs 100,000 signatures to trigger parliamentary debate—a threshold that would make even the most skeptical MP pay attention.
This isn't just another corporate lobbying effort. It's a direct challenge to Britain's financial establishment, leveraging public sentiment to bypass traditional political gatekeepers. The timing couldn't be more pointed—just as the Treasury faces criticism for moving at traditional banking speed in a crypto-world.
Will Parliament finally debate blockchain's future, or will this become another study committee destined to gather dust? One thing's certain: Coinbase just made it politically expensive to keep kicking the can down the road—proving once again that in finance, sometimes you need to force the conversation rather than wait for invitation.
Source: UK Parliament
“For centuries London was the centre of global trade and finance. We consider that the future is digital where equities, bonds and real world assets exist as tokens – tradeable 24/7, instantly, globally,” the petition further stated.
The petition gained renewed traction this week after Coinbase reportedly sent in-app notifications urging users to sign. Screenshots circulating on X show the exchange calling on its community to “help the UK lead stablecoin innovation now.”
X user, Emi, shared that upon logging into Coinbase, they received the petition prompt, which warned that the UK risks falling behind as other nations advance. The message urged users to sign in support of protecting innovation, competitiveness, and the pound’s global position.
Logged into Coinbase to this…
This petition calls on the government to:
– Support a forward-looking regulatory regime for stablecoins & tokenisation
– Explore government uses for blockchain
– Appoint a blockchain & crypto czar
Clear rules = more builders, more adoption, more… pic.twitter.com/gA4ETn0QjI
Furthermore, the petition notes that it considers stablecoins to be the basis of a tokenised economy, as the U.S. has ruled out CBDCs and is leaning into stablecoins. “The UK is at a crossroads and we believe it will fall behind without a strategy,” the petition wrote. “This is a question of national interest to preserve the competitiveness of the City and sterling’s global standing,” it added.
As of now, the petition has collected more than 7,000 signatures. Under UK rules, a government response is triggered once it reaches 10,000, while surpassing 100,000 signatures could see the issue brought forward for debate in Parliament.
Coinbase and Osborne Sound Alarm on UK Crypto Lag
Coinbase’s latest push for regulatory clarity in the UK builds on earlier efforts to spotlight gaps in the country’s approach to digital assets. Back in July, the exchange released a satirical video titled “Everything is Fine”, which mocked Britain’s financial system by pairing upbeat lyrics about strong finances with imagery of inflation, poverty, and economic hardship.
If everything is fine, then don’t change anything at all.
But when the financial system isn’t working for so many people in the UK, it needs to be updated. pic.twitter.com/rL1EaKu12V
“If everything is fine, then don’t change anything at all,” Coinbase teased. “But when the financial system isn’t working for so many people in the UK, it needs to be updated,” the exchange added.
In August, former UK finance minister George Osborne cautioned that Britain could lose ground in the global digital asset race without urgent regulatory reform. He criticized the Labour government and the Bank of England for moving too slowly compared to other countries and likened the current moment to the 1980s “Big Bang” reforms, which transformed London into a top financial hub. Osborne warned that failing to act decisively could mean missing a comparable opportunity in the crypto era.
Furthermore, Osborne noted how jurisdictions such as the United States, Abu Dhabi, Hong Kong, and Singapore are actively advancing legal frameworks for cryptocurrencies and stablecoins, presenting them as models of progress. By comparison, he argued, the UK is being “completely left behind.”
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
