#DigitalAssetBill : The New Recognition Stage of Digital Assets as Property!

On May 2, 2025, the House of Lords in the UK conducted the third review of the Property (Digital Assets etc.) Bill. This bill aims to officially recognize digital assets—including crypto tokens, cryptocurrencies, and NFTs—as objects of property in the legal sense, even if they do not necessarily meet the traditional definitions of property. This is an important step towards the legalization and regulation of the digital economy, helping to eliminate legal gaps and enhance the trust of investors and users.

The bill does not forcibly define any type of digital asset as property but instead provides a legal protection framework for them, which will greatly facilitate their use in commercial applications and legal disputes. Meanwhile, the United States is also advancing the FIT21 Act and has established organizations such as the SEC's Special Working Group on Crypto Assets, indicating a global trend towards systematic regulation of digital assets.

By 2025, digital assets have become an indispensable part of the financial ecosystem. New legislative initiatives like the DigitalAssetBill are opening new pathways for innovation, investment, and rights protection in the field of blockchain technology.