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A UK review led by Philip Rycroft recommended a temporary moratorium on crypto political donations until stronger safeguards and statutory guidance are in place.Philip Rycroft, a former senior civil servant, recommended that the UK government impose a temporary moratorium on political donations made in crypto assets in an independent review published on Wednesday.
“The government should legislate in the Representation of the People Bill to introduce a moratorium on political donations made in cryptoassets,” Rycroft wrote in theThe review said crypto assets could provide a route for foreign money to enter the UK political system because of incomplete regulation, the difficulty of tracing the “ultimate ownership” of some assets, and the possibility of breaking larger donations into smaller transfers. It noted that donations below 500 British pounds fall outside the normal permissibility test, while formal reporting thresholds for political parties are higher. The review comes a week after a separate report by the Joint Committee on the National Security Strategy called on the government to impose an immediate moratoriumThe Rycroft Review: Report of the independent review into countering foreign financial influence and interference in UK politics. Source: gov.ukRycroft wrote that the scale of crypto political donations is currently unknown because none have yet reached the reporting threshold that would require disclosure to the Electoral Commission. Still, the report argued that political crypto donations could be allowed under “tight supervision” by the Electoral Commission and through UK-regulated cryptocurrency exchanges. Rycroft added that the temporary pause in the political crypto donations should not be seen as a “prelude to an outright and permanent ban,” but rather an “interlude” allowing the regulatory environment to catch up to the reality of crypto.The recommendation comes amid wider scrutiny of crypto and foreign-linked money in British politics. Reform UK, led by Nigel Farage, received aHow crypto laws changed in 2025 — and how they’ll change in 2026 Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy
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