UK cross-party committee urges immediate ban on crypto political donations

A cross-party UK parliamentary committee said on Wednesday that political parties should stop accepting cryptocurrency donations immediately, proposing a binding moratorium via amendments to the Representation of the People Bill. The report says crypto transfers can obscure donor identity and fund origins through tools such as mixers, privacy coins, swaps and cross-chain techniques, while donations under the £500 ($667) disclosure threshold raise added concerns. UK political donations totaled nearly £65 million ($86.7 million) in 2025, including a reported £3 million ($4 million) gift to Reform UK.