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Politics July 7, 2026

Reform Party's Crypto Fundraising Ambitions Stalled by New Donation Rules

Reform Party's Crypto Fundraising Ambitions Stalled by New Donation Rules

The Ministry of Housing, Communities and Local Government announced new measures designed to prevent individuals from circumventing campaign finance rules by registering to vote.

These changes arise from a review into foreign financial interference, and require candidates to demonstrate that any money received before a campaign begins comes from a legitimate source.

Communities Secretary described the reforms as world‑leading action aimed at protecting election integrity and curbing foreign influence.

NORWICH, ENGLAND - JUNE 29: Reform leader Nigel Farage addresses those gathered at Holiday Inn on June 29, 2026 in Norwich, England. A by-election to choose the next Norfolk Police and Crime Commissioner (PCC) will be held on Thursday, 16 July 2026. The election was triggered by the resignation of former PCC Sarah Taylor due to a serious illness in her family. The by-election has sparked considerable debate, as it carries an estimated taxpayer cost of ??2 million for a role that is scheduled to be abolished in 2028 when the regional devolution plans introduce a directly elected mayor for Norfolk and Suffolk. (Photo by Martin Pope/Getty Images)

The amendments will be incorporated into the Representation of the People Bill, which is scheduled to return to the House of Commons next week.

Reform UK leader faced scrutiny over a £5 million payment from Christopher Harborne received before the 2024 general election, which he described as a gift unrelated to political activity.

The Parliamentary Standards Commissioner is investigating whether any rules were breached, as the payment was not declared when the leader was not heading the party.

? Licensed to London News Pictures. FILE PICTURE: 20/06/2022. London, UK. Businessman Christopher Harborne arrives at the Victoria and Albert Museum during the Conservative Party Summer Party. Nigel Farage will face an inquiry over a ?5m gift from crypto billionaire Harborne. Photo credit: George Cracknell Wright/LNP

The review also recommended a ban on cryptocurrency donations; Reform UK was the first major party to accept such donations, but no other party has followed suit.

Earlier, the party was questioned about benefits received by the leader from a friend convicted of fraud, a claim the party denied.

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