![\"UK](\"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-what-is-the-uks-digital-gilt-instrument-digit.jpg\")
<\/p>\n<\/p>\n
Labour lawmakers proposed a full moratorium on crypto donations in March, which some have sought be made permanent after millions of dollars in contributions were linked to Reform leader Nigel Farage.<\/p>\n
Members of the UK\u2019s ruling Labour party are considering a total ban on digital asset donations in response to Nigel Farage’s resignation from Parliament and the potential influence crypto billionaires had on his policies.<\/p>\n
The Guardian reported Thursday that Labour MPs are looking to overhaul<\/a> existing rules on donations to political parties and candidates. Specifically, lawmakers have proposed that a moratorium<\/a> on crypto donations enacted in March be made permanent after it was revealed that the Reform leader personally accepted millions of British pounds in what he called \u201cgifts\u201d from industry figures.<\/p>\n \u201cAmendments to the representation of the people bill which my colleagues and I have tabled are vital safeguards against the wider threat that\u2019s seen [$268 million] come flooding in to build a whole media political complex behind populists in Britain,\u201d said Liam Byrne, MP for Birmingham Hodge Hill and Solihull North and the Labour chair of the business select committee calling for a permanent crypto donation ban. \u201cWe simply cannot afford to let our crumbling defenses be undermined any further.\u201d<\/p>\n