The UK government is considering a complete ban on political donations in Crypto Assets. Is Farage's "Crypto Revolution" coming to an end?

Question

[Coin World] On December 2, a piece of news stirred ripples in the crypto circle — the UK government is brewing a potentially game-changing decision: to completely ban donations to politicians using Crypto Assets. The concern behind this is straightforward: to prevent foreign forces from infiltrating the local political donation system through digital assets.

This matter has to start from earlier this year. The Reform Party, led by Farage, broke the precedent and became the first political party in the UK to publicly accept Crypto Assets donations, also using this as a signature move of their “crypto revolution” commitment. Currently, this party is gaining momentum in polls and has already received its first batch of digital asset donations.

However, the government clearly does not intend to let this matter develop further. Although the draft policy document of the upcoming “Election Bill” does not mention the ban on Crypto Assets donations at all, three informed sources revealed that officials are privately engaged in intense discussions—whether to take a hardline approach and completely shut down this avenue.

Farage himself holds a significant amount of Crypto Assets, and he claims to be “the only hope for the British crypto industry,” clearly mimicking his old friend, U.S. President Trump’s approach to embracing cryptocurrencies. However, it now seems that the UK regulators might put a brake on this “revolution.”

OfflineNewbie · Accepted Answer

Oh no, now Farage's "revolution" dream is shattered. Politicians are still afraid.

---

Ridiculous, waving the flag of openness but still wanting to control everything. Classic political double standards.

---

It's over, it's over. This move by the UK government is ruthless—crypto donations are getting cut off before they even gain traction.

---

Wait, what are they so afraid of? If they're so scared of foreign capital, why even bother with democracy? Isn't that contradictory?

---

Farage has crossed a red line. Politics will always be politics. Crypto community wants to get involved in politics? Too naive.

---

With this ban, crypto parties don't stand a chance. This is the ultimate kill move by traditional power.

---

No matter what, we're destined to be regulated. What's the point of fantasizing about a crypto revolution?

---

I just want to know, what happens to the donations that have already been received? Are they supposed to give them back?

---

Haha, politicians are really cowards. As soon as they see a new source of money, they quickly shut the door, afraid of being regulated.

---

This is basically about power trying to survive—don't let anything new threaten vested interests.

MetamaskMechanic · Answer

Farage really dares to play, now he&#39;s being targeted...

---

Once the ban comes, everyone&#39;s encryption dream has to wake up

---

Haha, is the British government joking? The wind changes really fast

---

Still talking about "encryption revolution", turns around and gets cut off, I laughed at this

---

Foreign forces infiltrating? Sounds like an excuse, who doesn&#39;t know the real reason

---

The Reform Party just poked its head out and is about to be pushed back, what a pity

---

Wait, can other parties continue to quietly receive, or will they all be shut down together

---

The road of encryption political donations seems to be blocked, what a shame

---

Farage&#39;s "revolution" is about to die in the womb.

TokenDustCollector · Answer

Here we go again, the UK government is really scared, huh?

---

If they want to ban it, let them. The power group has already started to suppress us anyway.

---

Farage is really being targeted this time, what a pity.

---

Laughing to death, first they loosen up then they ban it, the trap is always the same.

---

Wait a minute, isn&#39;t this just fear of the crypto power being too strong?

---

The Reform Party is about to be stifled just as it&#39;s gaining momentum; politics has always been like this.

---

Compliance is just a pretense; to put it bluntly, it&#39;s still fear.

HallucinationGrower · Answer

Haha, this is politics. As soon as the wind changes, they stab you in the back. Farage is probably going to take a hit this time.

BearMarketBard · Answer

Farage&#39;s wave is likely to crash, the ban has shattered the dream of encryption donations.

LiquidatedThrice · Answer

Farage really is a bit ruthless, daring to be the first to take the plunge, and as a result, the government immediately wants to close the roads, it&#39;s too extreme.

What happened to the promised encryption revolution? Before it even gets going, it’s about to be strangled; this trap is too familiar.

The UK has really become timid, afraid that some retail investors might make money...

Political donations are indeed sensitive, but banning encryption is also quite ironic, isn’t it?

If Farage really gets treated like this, it would be so painful, haha.

A one-size-fits-all approach is truly the government’s favorite tactic, without considering specific rules at all.

What are the odds? Should we make a bet on whether this bill will pass in the end?

Encryption donations are essentially touching the political red line, no wonder the reaction is so intense.

Has the UK also started to fear Decentralization? That’s the most amusing part.

I’m just waiting to see what happens next; Farage definitely won’t just give up like this.