The UK government has announced a new crackdown on overseas funding in politics, with new regulations potentially putting pressure on the cryptocurrency billionaires who funded Nigel Farage's Reform Party, Decrypt reported. This move builds on a political funding reform package announced last March. At that time, the UK government introduced a £100,000 cap on overseas political donations and banned donations of related assets until a system to regulate cryptocurrencies could be established. At the time, the Reform Party was the only major UK political party to have received cryptocurrency donations. The bill is set to undergo its final review in the House of Commons next week. This is expected to significantly impact the cryptocurrency billionaires who have sponsored the Reform Party.
