Question to the HM Treasury:

To ask the Chancellor of the Exchequer, when he expects to review the proposed 40% prudential risk weighting for cryptoassets, including non-UK stablecoins; and what international (a) regulatory developments and (b) market conditions would trigger such a review.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Government's objective is to deliver a UK cryptoasset regime that appropriately balances the protection of consumers from detriment with a regulatory environment that supports innovation and growth.

The Financial Conduct Authority (FCA), as the independent expert regulator, is responsible for setting the prudential regime for regulated cryptoasset firms and ensuring firms hold appropriate financial resources and manage risks effectively.

The Government continues to maintain close dialogue with the FCA, including on international regulatory and market developments.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential impact of the Financial Conduct Authority's proposed added value test in the Cryptoasset Permitter Guidance on the development of UK decentralised finance infrastructure.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Government's objective is to deliver a UK cryptoasset regime that appropriately balances the protection of consumers from detriment with a regulatory environment that supports innovation and growth. The Government continues its close engagement with the Financial Conduct Authority to that end.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he plans to update the Financial Collateral Arrangements (No. 2) Regulations 2003 to ensure that tokenised assets receive the same legal treatment as traditional counterparts.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

It is important that our legal framework supports digital innovation. As set out in the Wholesale Financial Markets Digital Strategy, the government is committed to providing legal clarity where it is needed.

We are engaging with the sector to understand what barriers to tokenisation exist in law. The regulators are also seeking to provide clarity to support the equivalent treatment of tokenised and non-tokenised assets, both prudentially and as eligible collateral where risks are comparable.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps his Department is taking to ensure that the Financial Conduct Authority's proposed perimeter guidance on cryptoassets does not treat developers and maintainers of decentralised finance protocols as regulated financial intermediaries.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Government's objective is to deliver a UK cryptoasset regime that appropriately balances the protection of consumers from detriment with a regulatory environment that supports innovation and growth. The Government continues its close engagement with the Financial Conduct Authority to that end.

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he is working with the Financial Conduct Authority to ensure that its proposed approach to decentralised finance does not reduce innovation by restricting access to DeFi protocols.

Answered by Lucy Rigby - Economic Secretary (HM Treasury)

The Government's objective is to deliver a UK cryptoasset regime that appropriately balances the protection of consumers from detriment with a regulatory environment that supports innovation and growth. The Government continues its close engagement with the Financial Conduct Authority to that end.

Question to the Department for Transport:

To ask the Secretary of State for Transport, what discussions her Department has had with the Parliamentary Under-Secretary of State for Victims, Violence Against Women and Girls, and International Justice on the potential correlation between dangerous driving and coercive control.

Answered by Simon Lightwood - Parliamentary Under-Secretary (Department for Transport)

The Department works across Government to tackle violence against women and girls, including with the Ministry of Justice. As part of this work, Lilian Greenwood, then Minister for Local Transport, discussed dangerous driving as a means of coercive control with Alex Davies-Jones MP, then Minister for Victims, in October 2025.

The Government's ‘Freedom from Violence and Abuse: a cross-government strategy’ includes a commitment to work to disqualify violence against women and girls offenders who have used vehicles as part of their offending behaviour or criminal acts, using existing powers. This reflects evidence that vehicles can be used in individual cases as a means of control, intimidation, harassment or abuse.

The Government has further committed to working with National Police Chiefs' Council (NPCC) on a strategy designed to look at opportunities to target violence against women and girls through roads policing. This important work is part of the Roads Policing Innovation Programme, a commitment under the Government's wider Road Safety Strategy.

Question to the Department for Transport:

To ask the Secretary of State for Transport, what assessment her Department has made of the potential impact of introducing a Graduated Driving Licence on (a) road collisions and (b) fatalities of younger car drivers.

Answered by Justin Madders - Parliamentary Under-Secretary (Department for Transport)

The Department for Transport has indicated that it will not be possible to answer this question within the usual time period. An answer is being prepared and will be provided as soon as it is available.