UK RECOGNIZES CRYPTO AS NEW ASSET CLASS

Summary from the TLDR Crypto newsletter

The UK's Property Act 2025 has received Royal Assent from King Charles III, establishing crypto as a third property category distinct from physical objects and contractual rights after passing both houses without amendment. The Law Commission recommended the reform in 2023 to provide clearer legal pathways for proving ownership, recovering stolen assets, and handling digital holdings in insolvency or estate cases beyond existing case-by-case court judgments. It is potentially the biggest change in English property law since the Middle Ages. The UK aims to match US stablecoin regulation speed with new rules operational on comparable timelines.