Seven UK parliamentary committee chairs have called for a ban on cryptocurrency donations to political parties, citing concerns over transparency and foreign interference. This initiative adds pressure on the Labour government, which has been considering similar restrictions due to difficulties in verifying the source of crypto funds.

The proposed U.S. crypto market structure bill may not pass until 2027, with implementation pushed to 2029, according to TD Cowen. Political dynamics, especially around the upcoming midterm elections, are likely to slow the process, as Democrats may seek to negotiate favorable terms regarding conflict-of-interest provisions.

Seven UK parliamentary committee chairs are urging the government to ban cryptocurrency donations to political parties, citing concerns over transparency and foreign interference. The Labour government has been considering such a ban since mid-2025 but has not yet included it in upcoming legislation. The debate intensified following a significant donation to Reform UK from a prominent crypto investor.