Seven Labour MPs jointly call on the UK government to ban crypto political donations
Foresight News reported, according to The Guardian, that seven Labour MPs serving as parliamentary committee chairs have called on the UK government to ban crypto political donations in the upcoming Election Bill. A letter co-signed by Liam Byrne, chair of the Business and Trade Select Committee, and six colleagues, pointed out that crypto donations undermine the transparency, traceability, and regulatory effectiveness of political funding. "Cryptocurrencies may obscure the true source of funds, encourage thousands of micro-donations below the disclosure threshold, and expose UK politics to the risk of foreign interference. The Electoral Commission has warned that current technology makes these risks extremely difficult to manage."
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