The push comes from Parliament’s Joint Committee on the National Security Strategy (JCNSS), which argues that digital assets introduce vulnerabilities that traditional finance (TradFi) rules struggle to monitor.
The committee’s report does not mince words. It calls for a binding moratorium to be added to the Representation of the People Bill, remaining in effect until the Electoral Commission establishes enforceable guidance.
Despite mounting pressure, the government has so far declined to act immediately. In a response published in early March, Secretary of State Steve Reed pointed to ongoing reviews, including the Rycroft Review, as the preferred path toward reform.
That wait-and-see approach has not impressed everyone in Westminster. Some lawmakers argue that delaying action leaves a wide-open window for misuse, particularly as geopolitical tensions remain elevated.
For now, the issue sits squarely in Parliament’s hands, with potential amendments to the Representation of the People Bill likely to shape the next phase of the debate.
FAQ 🇬🇧 Are crypto political donations legal in the UK? Yes, they are currently allowed but treated as non-cash assets subject to donor checks. Why do lawmakers want a ban? They cite risks of foreign interference and difficulty verifying the source of funds. Has the UK government approved a moratorium? No, the government has not implemented a ban as of March 2026. What could change next? Amendments to the Representation of the People Bill may introduce stricter rules or a temporary ban.
