UK Labour MPs plan to push for permanent ban on cryptocurrency political donations

CoinFeed July 10 news, according to The Guardian, UK Labour MPs plan to propose four amendments to the Representation of the People Act next week, requiring the government to tighten political funding reforms, including permanently banning cryptocurrency donations, lowering the campaign spending cap from £34 million to £24.4 million, limiting the initial funding size of newly established political parties, and conducting national security risk assessments on donations. These amendments are being pushed by an anti-corruption cross-party organization and have gained widespread support following funding controversies involving Nigel Farage's Reform Party (including multi-million pound donations from cryptocurrency entrepreneur Christopher Harborne and related transactions involving George Cottrell being reported by banks to the National Crime Agency).