UK Parliamentary Committee Chair Urges Ban on Cryptocurrency Political Donations

2026-01-12 01:20:17

Abstract generation in progress

Techub News reports that, according to The Block, the chairs of seven specialized committees of the UK Parliament sent a letter to the UK government on Sunday, urging a comprehensive ban on cryptocurrency donations to political parties. The letter, co-signed by Liam Byrne, Chair of the Business and Trade Select Committee, and six other colleagues, pointed out that cryptocurrency donations undermine transparency, traceability, and enforcement in political funding.

Since July 2025, the Labour government has been considering banning cryptocurrency political donations. Reform UK became the first party in the UK to accept cryptocurrency donations in May 2025. Any ban would directly impact them, although the £9 million donation they received from cryptocurrency investor Christopher Harborne was made in fiat currency.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.