Coin Jie Wang News reported, as Decrypt noted, that the UK government has announced new regulations limiting foreign funds’ influence on elections. The rules set a £100,000 cap on political donations from residents who have moved to the UK within their first year, require companies to have donation funds reviewed based on after-tax profits from the past five years, and require candidates to prove that the sources of funds before the election campaign are lawful.

Building on the full ban on cryptocurrency donations implemented in March, the new rules further tighten restrictions and compress Reform UK’s funding sources that rely heavily on crypto tycoons Christopher Harborne and Ben Delo. Christopher Harborne holds about a 12% stake in Tether, and he has already registered to vote in the UK. Ben Delo plans to return to the UK, but within one year, any single donation is subject to the £100,000 cap.