Top UK Labour lawmakers push to ban political donations made in crypto
The chairs of seven UK government committees have asked for a ban on crypto donations to be added to an elections bill set to be introduced soon.
Seven senior UK lawmakers have urged Prime Minister Keir Starmer to ban the use of crypto for political donations, arguing the assets help obscure foreign interference.
Labour Party MPs who chair various parliamentary committees asked the government in a letter on Sunday to include a ban on crypto donations in an elections bill expected to be introduced later this month, according to reports in The Observer and The Guardian.
Business and trade committee chair Liam Byrne, one of the letter’s signatories, said that political financing “must be transparent, traceable and enforceable,” arguing that crypto is not.