The chairman of a UK parliamentary committee urges a ban on political donations in cryptocurrency.

Techub News reported, according to The Block, the chairs of seven select committees in the UK Parliament wrote to the British government on Sunday, urging it to implement a comprehensive ban on cryptocurrency donations to political parties. The letter, jointly signed by Liam Byrne, Chair of the Business and Trade Committee, and six other colleagues, stated that cryptocurrency donations undermine transparency, traceability, and enforcement in political funding.

The Labour government has been considering a ban on cryptocurrency political donations since July 2025. Reform UK became the first UK political party to accept cryptocurrency donations in May 2025, and any ban would directly impact it. However, the £9 million donation the party received from cryptocurrency investor Christopher Harborne was made in fiat currency.