According to Decrypt, Labour MP Pat McFadden said the UK should consider banning cryptocurrency political donations. Just two months ago, Reform UK announced that it would accept cryptocurrency donations, the first political party in the UK to accept cryptocurrency donations. Ian Taylor, board advisor to digital asset advocacy group Crypto UK, said Pat McFadden's remarks were “definitely” a political move aimed at impeding the country's growing popularity.

According to Decrypt, Labour MP Pat McFadden said the UK should consider banning cryptocurrency political donations. Just two months ago, Reform UK announced that it would accept cryptocurrency donations, the first political party in the UK to accept cryptocurrency donations. Ian Taylor, board advisor to digital asset advocacy group Crypto UK, said Pat McFadden's remarks were “definitely” a political move aimed at impeding the country's growing popularity.