The rules are being written into the Representation of the People Bill currently going through Parliament.
Members of Reform UK reportedly walked out of Parliament during the announcement of the ban, during which Starmer aimed a pointed barb at Farage, suggesting that there is “only one party leader who has shown he will say anything, no matter how divisive, if he is paid to do so."
Philip Rycroft, the former senior civil servant who authored the review, stopped short of calling for a permanent ban on crypto donations. In the review, he wrote that a moratorium “should not be seen as a prelude to an outright and permanent ban,” but as an “interlude” to allow the regulatory environment to catch up with cryptoassets, and gather together the expertise to allow for the “safe use of cryptoassets in the political process.”
