TOKENIZATION POLICY
The Vanderbilt Terminal for Digital Asset Policy & Regulation
INDEPENDENT INTELLIGENCE FOR TOKENIZATION POLICY, LEGISLATION & POLITICAL ECONOMY
GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91| GENIUS Act: Signed Law ▲ Jul 18 2025| MiCA Status: Live ▲ Dec 2024| CLARITY Act: Senate Pending ▲ Jul 2025| Crypto Lobbying 2024: $202M PAC ▲ Fairshake| OECD CARF Countries: 75+ ▲ +12| CBDC Projects: 130+ Active ▲ Atlantic Council| FATF Travel Rule: 73% Compliant ▲ Jun 2025| Pro-Crypto Congress: 300+ Members ▲ +91|

HM Treasury

HM Treasury's Crypto Consultations: How UK Policy Was Made Iteratively

From the 2021 stablecoin consultation to the 2023 broader crypto regulatory regime, HM Treasury used public consultation to build UK digital asset policy step by step — a different legislative model from the EU's comprehensive approach.

Donovan Vanderbilt · February 24, 2026 · 7 min read

The Digital Pound: UK's CBDC Journey and Why No Decision Has Been Made

The Bank of England and HM Treasury have been consulting on a digital pound since 2021. Unlike the EU's digital euro, the UK has not yet decided to build one — and the political economy of that hesitation is instructive.

Donovan Vanderbilt · February 24, 2026 · 8 min read

UK Stablecoin Regulation: A Principles-Based Approach to Payment Assets

The United Kingdom's stablecoin regulatory framework, developed through HM Treasury consultations and FCA rules, takes a principles-based approach that differs significantly from both MiCA and the US GENIUS Act.

Donovan Vanderbilt · February 24, 2026 · 8 min read
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