Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 4 August 2025 to Question HL9820 on Cryptocurrencies, whether the Government’s crypto-asset holdings are deemed to be held in the Consolidated Fund under the Exchequer and Audit Departments Act 1866; and what the Government’s methodology is for valuing crypto-assets.

The Consolidated Fund is a sterling denominated fund and therefore does not hold cryptocurrencies. Departments are responsible for applying relevant accounting standards on a case by case basis to value any assets held.