UK Labour MPs push for permanent crypto donation ban after Farage resignation

The post UK Labour MPs Rebel Over Funding Reforms, Seek Crypto Ban appeared on BitcoinEthereumNews.com. Labour MPs seek a permanent crypto donation ban to replace the temporary moratorium. Proposed reforms would cut campaign spending limits from £34 million to £24.4 million. Farage’s £5 million private gift has intensified scrutiny of crypto-linked political funds. UK Labour MPs are preparing to challenge the government’s funding reforms by demanding a permanent ban on cryptocurrency donations. Their proposal would replace the temporary moratorium with a lasting prohibition. Liam Byrne is leading the effort through amendments to the Representation of the People Bill. Supporters say the change would reduce anonymous and impermissible donations in UK Politics. Labour MPs Seek Tougher Campaign Finance Controls Members of the all-party anti-corruption group are canvassing support for four amendments aimed at strengthening the legislation. By midday Thursday, the proposals had secured at le

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The post Will a $189M Lobbying Campaign Result in Crypto CLARITY? appeared on BitcoinEthereumNews.com. The crypto industry has spent years convincing Washington that it deserves a seat at the table. Now, as Congress inches toward passing the CLARITY Act, a long-awaited crypto market structure bill, it seems it finally has one. The question is no longer whether lawmakers are listening to digital asset advocates, but whether the crypto lobby’s deep pockets and influence in election campaigns will be enough to get the legislation over the line. That debate comes as Senate negotiators work toward a potential floor vote before Congress breaks for its August recess.  In a June 25 thread on X, Kristin Smith, president of the Solana Policy Institute and former chief executive of the Blockchain Association, argued that crypto’s advocacy operation is “the strongest and most sophisticated it has ever been.” She pointed to bipartisan negotiations, daily meetings with lawmakers, and what she descri

The post UK Labour MPs push for permanent crypto donation ban after Farage resignation appeared on BitcoinEthereumNews.com. UK Labour MPs have proposed making a temporary ban on cryptocurrency donations to political parties permanent after Nigel Farage resigned amid investigations into multimillion-pound gifts linked to crypto industry figures. Summary UK Labour MPs have proposed making the temporary ban on cryptocurrency donations to political parties permanent after Nigel Farage’s resignation. The proposal comes as Parliament investigates multimillion pound gifts Farage received from crypto linked figures including Christopher Harborne and George Cottrell. Lawmakers are expected to debate the amendments next week while Labour begins choosing a new leader who could influence future UK crypto policy. The Guardian reported on Thursday that members of the ruling Labour Party have tabled amendments to existing political donation rules that would permanently prohibit digital asset donation

The post UK Politicians Considering Permanent Crypto Donation Ban Amid Nigel Farage Scandal appeared on BitcoinEthereumNews.com. Members of the UK’s ruling Labour party are considering a total ban on digital asset donations in response to Nigel Farage’s resignation from Parliament and the potential influence crypto billionaires had on his policies. The Guardian reported Thursday that Labour MPs are looking to overhaul existing rules on donations to political parties and candidates. Specifically, lawmakers have proposed that a moratorium on crypto donations enacted in March be made permanent after it was revealed that the Reform leader personally accepted millions of British pounds in what he called “gifts” from industry figures. “Amendments to the representation of the people bill which my colleagues and I have tabled are vital safeguards against the wider threat that’s seen [$268 million] come flooding in to build a whole media political complex behind populists in Britain,” said Liam

The post UK Crypto Donation Ban Spurs Political Reforms appeared on BitcoinEthereumNews.com. When Nigel Farage resigned as MP for Clacton, he may have thought the storm would pass. Instead, it accelerated. The UK crypto donation ban debate — long a niche regulatory question — has exploded into the center of British politics, forcing Labour MPs to propose measures that could permanently reshape how digital assets intersect with democratic funding. Key takeaways Labour MPs are pushing to make the March moratorium on crypto political donations permanent through amendments to the representation of the people bill. Farage resigned as MP after revelations including a $6.7 million gift from crypto billionaire Christopher Harborne and support from George Cottrell, a convicted fraudster. The UK parliamentary standards commissioner is already investigating Farage’s donations. Labour MP Liam Byrne warned that $268 million has flowed into building a populist media-political complex in Britain. And

Labour lawmakers proposed a full moratorium on crypto donations in March, which some have sought be made permanent after millions of dollars in contributions were linked to Reform leader Nigel Farage.