A cross-party group of UK MPs and Lords has relaunched to shape future regulation for crypto and digital assets. The move comes as the government prepares new legislation later this year.
The Crypto and Digital Assets APPG is co-chaired by Labour MP Gurinder Josan CBE and Lord Vaizey of Didcot, a former Minister for the Digital Economy. The group will explore how the UK can lead in digital asset innovation while protecting consumers.
The group brings together experts in finance, tech and policy. It is backed by CryptoUK, the leading industry body, which serves as its secretariat.
UK crypto ownership continues to grow. FCA data shows 12% of adults held crypto in 2024, compared to 4% in 2021. Despite growth, the UK still lacks a clear regulatory framework.
The APPG will consult industry, regulators and the public. It will examine key issues like fraud, access to banking and registration delays. It aims to publish recommendations and support smarter regulation.
MP Gurinder Josan said the group will promote safe innovation. He called for “robust and fair rules” to support consumers and business. Lord Vaizey warned the UK must not fall behind other countries. He urged faster action to support investment and scale.
CryptoUK welcomed the relaunch. Executive Director Su Carpenter said strong rules are key to global competitiveness and consumer protection.
The APPG was the leading crypto forum in the last Parliament. It published a major report in 2023 and regularly engaged with global leaders. Its return marks a new chapter in the UK’s regulatory journey.
