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Deep Tide TechFlow News, July 10, according to The Guardian, British Labour Party MPs plan to launch a rebel vote next week on amendments to the Representative of the People Act, pushing the government to tighten political funding regulations. Core proposals include: permanently banning cryptocurrency donations (instead of the current temporary suspension), lowering the campaign spending cap from £34 million to £24.4 million, restricting initial funding sources for new political parties, and introducing a donation review mechanism to prevent foreign interference.
This move comes amid ongoing controversy over Reform UK's funding, involving cryptocurrency entrepreneur Christopher Harborne donating millions of pounds to Farage's party, with related transactions reported by banks to the UK National Crime Agency (NCA).