UK Blockchain Petition Surges in Support After Coinbase Backing

A petition urging the United Kingdom to adopt a pro-innovation strategy for blockchain and stablecoins is gaining momentum after crypto giant Coinbase rallied its users to support the cause.

The petition, hosted on the UK government’s official website, calls for clear rules on stablecoins, wider blockchain adoption, and the appointment of a dedicated “blockchain czar” to guide policy. While the initiative launched in July, it surged in visibility this week when Coinbase sent in-app alerts encouraging users to sign with messages like “help UK lead stablecoin innovation now.”

As of now, the petition has already passed 5,000 signatures. Once it reaches 10,000, the government will be required to respond, and at 100,000, it could be debated in Parliament. The petition will remain open until March 3, 2026, giving advocates ample time to push for broader support.

Supporters argue that without a clear regulatory framework, the UK risks losing ground to competitors like the United States, where policymakers have emphasized stablecoins over central bank digital currencies. Petitioners wrote that the issue is of “national interest” and key to protecting both the City of London’s competitiveness and the pound sterling’s global role.

Coinbase has been vocal about Britain’s sluggish approach to digital assets. In July, the exchange released a satirical video mocking the country’s financial system with upbeat lyrics set against visuals of inflation and poverty. Days later, former UK Chancellor George Osborne, now an adviser to Coinbase, warned in an op-ed that the UK is falling behind in the crypto economy, especially in stablecoins.

With growing public pressure and major industry players backing the push, the UK government now faces a defining moment in shaping its blockchain future.