#DigitalAssetBill
- Passed the second reading stage and is currently awaiting the third reading in the House of Lords, scheduled for May 8, 2025.
- Expected to bring clarity to the legal status of digital assets and boost the UK's competitiveness in the global crypto market.
- The bill is a response to the Law Commission's 2023 report, which recommended specific statutory law reform to confirm and codify the common law position on digital assets. By establishing a clear legal framework, the bill aims to provide certainty and security for digital asset owners .