The UK government is set to establish a comprehensive regulatory framework for crypto assets by 2027. HM Treasury plans to submit the proposed regulations by December 2025, which will encompass trading, custody, staking, and lending activities under the supervision of the Financial Conduct Authority (FCA). The framework aims to address governance, market integrity, and capital requirements. Additionally, a separate review will evaluate risks associated with liquidity and crypto markets, including political donations. The findings of this review are expected to be released by March 2026, further informing the regulatory approach.