In brief
- Pat McFadden, Labour MP and ally of Keir Starmer, said that the UK should consider banning crypto political donations.
- It came two months after Reform UK announced it would accept crypto donations, the first to do so in the nation.
- Ian Taylor, board advisor for digital asset advocacy group Crypto UK, said McFadden’s comments were “absolutely” a political move.
Labour member of parliament Pat McFadden said the UK should consider banning crypto political donations, citing concerns of illicit or foreign money funding campaigns. The call comes two months after Nigel Farage announced that his Reform UK party would become the first British party to accept donations in crypto.
Ian Taylor, board advisor for digital asset advocacy group
Feb 05 2026
