Woofun AI reports that UK Labour Party MPs are advancing amendments to the Representation of the People Act to permanently prohibit political parties and candidates from accepting cryptocurrency donations. Led by Labour MP Liam Byrne, the proposal has secured support from at least 20 MPs and is scheduled for House of Commons reporting next Tuesday.

This legislative effort coincides with a parliamentary inquiry into Reform Party leader Nigel Farage regarding a £5 million transfer from investor Christopher Harborne in early 2024. The transaction triggered a suspicious activity report to the National Crime Agency due to fund source concerns, though Farage denies wrongdoing, characterizing the sum as a personal gift received prior to his parliamentary tenure.