Digital Sovereignty Alliance urges U.S. crypto bill revival, UK cooperation

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Digital Sovereignty urges US crypto reform

Highlights

The Digital Sovereignty Alliance at DAS London 2026 urged U.S. lawmakers to revive comprehensive crypto market structure legislation in the next Congress, highlighting bipartisan negotiation opportunities.
Adrian Wall emphasized the need for U.S.-UK regulatory cooperation in digital assets as the EU, Singapore, Hong Kong, and UAE advance their own supervisory regimes, increasing international competition.
The DSA advocates for consumer protection-focused regulation addressing fraud and custody failures without stifling innovation or driving crypto activity into less regulated offshore markets.

London conference message on U.S. legislation

As reported by The Block, the Digital Sovereignty Alliance used Blockworks' DAS London 2026 to press U.S. lawmakers to reintroduce comprehensive crypto market structure legislation in the next Congress and to encourage interim clarity from the SEC and CFTC.

Adrian Wall, managing director of DSA, speaks on a main stage panel focused on the regulatory path for U.S. and UK digital asset markets. He says the U.S. Senate's recent 49-50 procedural vote reflects disagreement over specific provisions, not a broader rejection of the regulatory framework, and argues that issues such as ethics provisions, state preemption and consumer protections remain open to bipartisan negotiation.

Wall says the next Congress offers a chance to make the legislation truly bipartisan. He also says many Democratic lawmakers support the bill, countering the view that crypto market structure reform is only a Republican initiative.

Transatlantic coordination and industry impact

Wall also calls for U.S.-UK regulatory cooperation as other jurisdictions, including the European Union, Singapore, Hong Kong and the United Arab Emirates, advance their own digital asset licensing and supervisory regimes. He says the U.S. still holds significant influence through dollar-denominated stablecoins and deep capital markets, but faces rising international competition in rule-setting.

In the discussion, Wall supports approaches that preserve national sovereignty while allowing interoperability across jurisdictions, including possible mutual recognition and regulatory equivalence between the U.S. and UK. He says the UK's effort to incorporate digital assets into established financial services frameworks can give institutions more familiar compliance standards while limiting regulatory arbitrage.

Consumer protection remains a central theme in DSA's message. Wall argues regulation should focus on financial activities and their risks, including fraud, custody failures and market misconduct, without unnecessarily restricting innovation or pushing activity into less regulated offshore markets.

Earlier, we discussed Europe’s inflation-debt trade-offs as policymakers weigh containing debt and inflation without choking investment.

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