Seven Labour Party parliamentary committee chairs have written to the UK government urging a ban on cryptocurrency political donations in the upcoming Election Bill, stating that crypto donations may conceal the true source of funds, allow small donations to bypass disclosure thresholds, and expose foreign interference risks; this move increases pressure on the Labour government, which has been considering a ban since July 2025 but is expected not to include it in the bill due to implementation complexities. (The Block)
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Seven Labour Party parliamentary committee chairs have written to the UK government urging a ban on cryptocurrency political donations in the upcoming Election Bill, stating that crypto donations may conceal the true source of funds, allow small donations to bypass disclosure thresholds, and expose foreign interference risks; this move increases pressure on the Labour government, which has been considering a ban since July 2025 but is expected not to include it in the bill due to implementation complexities. (The Block)