Property (Digital Assets etc) Bill concludes Lords stages

The Property (Digital Assets etc.) Bill aims to establish that things can be property, even if they do not meet the traditional definitions of property established in case law.

The bill is designed to clarify that assets such as crypto-tokens, crypto-currency and non-fungible tokens could be capable of attracting property rights. However, it does not establish that any particular category of thing is property.

Third reading

Third reading is the chance for members to ‘tidy up' a bill, making small changes to the final text to ensure it is effective.

Proposed changes

No amendments were put forward ahead of third reading. Members discussed the progress of the bill at the conclusion of its Lords stages.

Catch up

• Watch the Parliament TV recording.
• Read the Lords Hansard transcript.

Explore further information 

Find out more about the draft law in the House of Lords Library briefing.  

Next steps

Following completion of its Lords stages, the bill now passes to the House of Commons for consideration.

What's happened so far? 

Report stage

Report stage, a further opportunity to examine and make amendments (changes) to a bill, finished on Wednesday 30 April.

Committee stage 

A Special Public Bill Committee took place 3 February 2025. The bill was reported from the Special Public Bill Committee with an amendment.

Find out more about the Property (Digital Assets etc.) Bill Special Public Bill Committee.

Second reading 

Second reading - the general debate on all aspects of the bill - took place in Grand Committee on 6 November and then taken formally in the House of Lords chamber on 13 November 2024.  

Image: Pexels / Mikhail Nilov