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Coinbase CEO Calls on UK Users to Sign Petition for Stablecoin Regulation, Urges Government to Appoint Blockchain Transaction Commissioner

2026.02.25 13:42:53

On Feb 25, Coinbase CEO Brian Armstrong stated that the UK’s ongoing stablecoin regulation finalization could undermine the country’s competitiveness in the global digital economy. For example, the Bank of England has proposed capping the amount of stablecoins individuals and businesses can hold. The UK has long been a global financial hub—embracing and fostering innovation, particularly as other nations advance rapidly, is critical to maintaining that position. However, the current regulatory direction runs counter to this, and it will stifle innovation. Armstrong is calling on UK users to sign a petition from StandwithCrypto. The petition advocates for stable, tokenized regulatory frameworks that drive innovation, including: supporting interest-bearing stablecoins, preserving their role as wholesale settlement assets, exploring government blockchain use cases, appointing a dedicated blockchain and cryptocurrency affairs chief, and more.
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