Political Parties: Finance
The question
To ask the Right hon. Member for Kenilworth and Southam, representing the Speaker's Committee on the Electoral Commission, whether the Electoral Commission holds information on whether (a) Tether and (b) other types of cryptocurrency are being used to make political donations.
Answered by Sir Jeremy Wright
To date, no cryptoasset donations have been reported to the Electoral Commission.
The UK Government has announced that it plans to introduce a moratorium on donations in crypto assets. The intention is for this to apply retrospectively to any donations received from 25 March 2026 onwards. These measures would be introduced as part of the Government’s Representation of the People Bill.
The Commission has provided advice to parties so that they can prepare for future changes to the law.
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