{
  "id": 17811149,
  "title": "Finance chiefs warn Treasury against delaying crypto strategy",
  "url": "https://urgent.news/2026/11/02/finance-chiefs-warn-treasury-against-delaying-crypto-strategy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T15:04:23.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/finance-chiefs-warn-treasury-against-delaying-crypto-strategy/"
  },
  "original_language": "en",
  "account": "Over a dozen industry groups have cautioned Chancellor John Healey against postponing a plan to outline a central strategy for the regulation and growth of cryptocurrencies and digital assets. Tech UK, Innovate Finance, and The City UK have urged the Chancellor to keep his promise to release the government-led digital finance blueprint within the next twelve months. The industry leaders highlighted that a well-defined strategy would offer businesses and investors clear direction, signaling the UK's long-term approach to digital assets. \"Other jurisdictions are moving rapidly to attract digital-asset businesses, investment and talent. The UK should not assume that its existing strengths will automatically translate into long-term leadership,\" they wrote in a letter obtained by City AM. As part of the Financial Services and Markets Bill, the government is required to draft, publish, and consult on a new strategy for digital assets regulation. The strategy, resulting from a Conservative amendment, is seen as a significant boost for the crypto and stablecoin industry after a challenging lobbying campaign. The strategy is expected to cover topics such as the UK's stance on digital asset regulation, international frameworks, and the balance between safeguards and growth. Results from the strategy are to be published and consulted on within a year. However, there is growing concern in the crypto sector that the Treasury might use its majority to weaken or delay the plans during a crucial Commons vote next week. Specifically, industry groups have urged the government not to eliminate \"Clause 50\" from the bill, which requires the completion of the blueprint within a year. Dropping the deadline, as suggested by investment minister Lord Pitt-Watson, would be a \"profound mistake,\" according to Katie Harries, director of policy at Coinbase, who emphasized the need for a \"north star\" to provide certainty and direction for the UK's digital asset sector. Shadow City minister Mark Garnier also called for the government to support the successful amendment, demonstrating the UK's commitment to the future of financial instruments.",
  "summary": "Nearly a dozen industry bodies have warned the Chancellor not to delay plans to develop a central strategy on the regulation and adoption of cryptocurrencies and digital assets ahead of a pivotal vote in parliament. Bosses from the likes of Innovate Finance, The City UK and Tech UK urged John Healey to recommit to publishing [...]",
  "key_points": [
    "Over a dozen industry groups warn Chancellor John Healey against delaying crypto strategy.",
    "Industry leaders stress well-defined strategy offers clear direction for businesses and investors."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}