Labour MPs Push to Make UK Crypto Donation Ban Permanent

A notable development has hit the crypto markets. In brief Labour MPs plan to rebel next week to toughen the government's political funding bill, including turning a temporary ban on crypto donations into a permanent one, the Guardian reported. The push comes after multimillion-pound donations to Nigel Farage's Reform UK from crypto billionaires Christopher Harborne and Ben Delo, neither of which were made in the form of crypto.

The UK froze crypto political donations in March; the amendments would harden that into law and slash campaign spending limits.

This shift continues to shape the digital-asset landscape, with analysts examining its near-term effects.