UK Labour MPs plan to push for a permanent ban on cryptocurrency political donations and tighten campaign finance regulations

According to The Guardian, UK Labour Party MPs plan to propose four amendments to the Representation of the People Bill, including a permanent ban on cryptocurrency donations, lowering the campaign spending cap from £34 million to £24.4 million, limiting the initial funding size of newly formed political parties, and conducting national security risk assessments on donations. These amendments are being pushed by a cross-party anti-corruption group and have received broad support following the controversy over Nigel Farage's Reform Party funding.