UK Parliament Committee Chairs Urge Total Ban on Crypto Donations
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Threat to Political Funding Transparency: Seven parliamentary committee chairs submitted a letter urging the UK government to completely ban crypto donations, citing concerns that such contributions threaten transparency and traceability in political funding, potentially allowing foreign influence in UK politics.
- Government Review of Crypto Donations: Liam Byrne, chair of the Business, Energy and Industrial Strategy Committee, highlighted that cryptocurrencies can obscure the source of funds and enable small donations below disclosure limits, increasing risks in the electoral process, prompting a reevaluation of related policies by the government.
- Historical Context and Pressure: The call for a ban comes after the government considered this issue back in July 2025, intensifying pressure on the Labour government, especially with the Elections Bill expected to be released soon.
- Regulatory Framework Development: With the UK Parliament passing regulations that classify cryptocurrencies as property, there are expectations for similar regulatory oversight of these digital assets by 2027, indicating the government's cautious approach towards cryptocurrencies.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
