A public petition calling on the United Kingdom to develop a pro-innovative approach for blockchain and stablecoins gained momentum following a push from the Crypto Exchange Coinbase.
The petition, Naka -host On the UK government website, calling for a comprehensive framework that includes stablecoin regulation, blockchain adoption and the appointment of a “czar” blockchain.
Although launched in July, the initiative drawn attention this week after Coinbase sent in-app messages that encourage users to sign. Screenshots shared Through social media users showed in-app messages from the exchange, ralling to its users with phrases such as “Help UK lead stablecoin innovation today.”
At the time of writing, the petition gathered more than 5,000 signatures. When up to 10,000 signatures, the UK government must respond to the petition. At 100,000, the petition will be considered for the parliamentary debate. The petition remains open for signatures until March 3, 2026.
A call for the clarity of regulation and change
The proposal outlines the three demands: creating a plot for stablecoins and tokenization, encouraging the use of blockchain within the government, and appointed a leader -focused crypto policy.
The petition states that Stablecoins is the basis of a tokenized economy, citing the United States’s discretion outside of a central digital bank currency, favoring stablecoins. Supporters of the petition said the UK would fall behind other constituents without strategy.
“This is a question of national interests to maintain the city’s competition and global stance,” they wrote.
Related: UK Crypto expects the stall, but ‘encouraging signs’ are present
Coinbase’s involvement in UK policies
Coinbase had previously campaigned for clearer Digital Asset policies in the UK.
On July 31, the exchange released a satirical video Titled “All is well,” aimed at the British financial system. The video uses lyrics and music that boasts about the country’s strong finances while depicting inflation scenes, poverty and financial struggle.
On August 5, former UK Chancellor and current Coinbase advisor George Osborne Written an OP-Ed for the Financial Timesfeaturing that the country is falling into the digital asset market. She sang Stablecoins as a place where the country allowed itself.
The cointelegraph reached the coinbase for comment but did not receive a response before published.
https://www.youtube.com/watch?v=ry9MI57PBJS
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