[UK House of Lords Supports Developing Digital Asset Strategy with 194 Votes in Favor] Odaily Planet Daily News: On Wednesday, the UK House of Lords passed an amendment with 194 votes in favor and 138 votes against, requiring the government to develop a digital asset strategy, despite opposition from the ruling Labour Party. The amendment, proposed by Conservative peer Baroness Neville-Rolfe, mandates the UK Treasury to draft, publish, and seek public consultation on the strategy within 12 months after the Financial Services and Markets Act comes into effect. The strategy will cover crypto assets, stablecoins, and tokenized securities, addressing topics such as innovation, consumer protection, and businesses' access to banking, payment, and settlement services. The related bill must still be submitted to the House of Commons, where MPs can accept, amend, or reject the Lords' amendments. The UK Cryptoasset Business Council expressed support for the voting outcome. Previously, Lord Stockwood, the Treasury's Minister for Investment, stated that the government already has a digital asset strategy in place and is implementing it. (Cointelegraph)