Lords 'tidies up' Property (Digital Assets etc) Bill
2 May 2025 (updated on 2 May 2025)
The Property (Digital Assets etc.) Bill has its third reading, a chance for members to make sure the eventual law is effective, workable and without loopholes, in the House of Lords on Thursday 8 May.
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 smalls changes to the final text to ensure it is effective.
Proposed changes
No amendments have yet been put forward ahead of third reading. Members may discuss the progress of the bill at the conclusion of its Lords stages.
Get involved
Watch or read the debate
- Watch live on Parliament TV from 12.45am.
- Read the Lords Hansard transcript (available from three hours after the debate).
Explore further information
Find out more about the draft law in the House of Lords Library briefing.
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
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