Thousands Price floor Crypto Petition: Is Coinbase Initiating a Crypto Movement in the UK?
Brian Armstrong’s company, Coinbase, continues to push for digital currency policy in the UK, as a petition aimed at reforming British blockchain laws and crypto regulations attracts thousands of signatures.
At present, the petition advocating for the UK to implement a distributed database and stablecoin framework that fosters innovation has exceeded 5,000 signatures, following a surge of interest sparked by Coinbase’s in-app notifications to its UK users this week.
Lmfao
Bore off Coinbase & UK Gov
pic.twitter.com/mfrAGMEwN5
— Certified Crypto (@CryptoGlasgow1) September 11, 2025
A Transformation For UK Crypto Regulation: Key Details About Coinbase’s Crypto Petition
Initiated in July, the petition, featured on the official UK Parliament website, calls for three primary actions: a regulatory framework governing stablecoins and tokenization, government-led blockchain implementation, and the appointment of a dedicated national distributed database leader or “czar.”
Although initial engagement was modest in the weeks following its launch, Coinbase’s involvement has substantially increased momentum. Once it reaches 10,000 signatures, the government is required to respond officially, while 100,000 signatures will compel parliamentary debate. The petition will close on March 3, 2026.
The UK government has struggled with its stance on digital assets for several years, fluctuating between pro-innovation rhetoric and cautious regulatory approaches, influenced by the post-FTX turmoil in digital currency markets.
Supporters of the petition emphasize that this is a matter of global competitiveness. “This is a question of national interest to safeguard the competitiveness of the City and the global standing of sterling,” the petition notes, referencing the US decision to forgo a central bank cryptocurrency while advancing with dollar-backed stablecoins. https://cointelegraph.com/news/uk-blockchain-petition-coinbase-push
Proponents caution that failing to act swiftly could see the UK fall behind Singapore, Hong Kong, and Abu Dhabi, where clear regulatory frameworks have already been established, enabling them to seize the future opportunities in financial growth.
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Is Coinbase Inciting a Crypto Movement in the UK?
Coinbase has openly criticized the UK’s cautious approach. In July, the exchange produced a satirical video titled Everything is Fine, ridiculing the UK’s struggling financial system.
Coinbase CEO tweeted “Our ad which was banned in the UK by TV networks has generated considerable speculation. If you can’t speak the truth, there must be a grain of truth in it,” pic.twitter.com/gRIsJIWhEd
— James Freeman (@james_freeman__) August 10, 2025
Shortly after, George Osborne, the former Chancellor of the Exchequer and now an advisor to Coinbase, cautioned in the Financial Times that the UK had “permitted itself to fall behind” in terms of crypto adoption.
Osborne identified stablecoins as the pivotal next step, noting that the US Genius Act had already established a regulated framework for dollar-backed issuers. Meanwhile, Britain has yet to offer similar clarity regarding sterling.
The Bank of England has largely maintained a skeptical perspective. Governor Andrew Bailey recently stated that stablecoins must demonstrably meet the “singleness of money” criteria, verifying one-to-one exchangeability with existing currency before they can be broadly accepted.
Chancellor Rachel Reeves has vowed to “advance” on stablecoin compliance, but has shared little detail, resulting in industry insiders accusing the Treasury of dilly-dallying.
Coinbase’s strategy of mobilizing its retail users may further amplify political pressure. While the exchange has campaigned in the past through policy papers and lobbying efforts, the direct call to action via its app represents a new phase in public advocacy – galvanizing its user base for democratic influence.
If the momentum persists, the petition could crystallize into one of the clearest indicators yet that cryptocurrency users in Britain are willing to advocate for regulatory clarity and form a political coalition. This is particularly significant following the Trump campaign’s success in creating a crypto-focused voting block last year.
For a government balancing post-Brexit competitiveness while being cautious of financial instability, the question remains whether it can continue to ignore demands for a cohesive digital asset strategy.
The petition has only reached half of its initial target, but Coinbase’s involvement has guaranteed that it will be closely monitored by both industry stakeholders and policymakers.
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