The UK government is considering banning Crypto Assets for political donations to avoid external interference.

On December 2, according to a report by Politico, the UK government is considering banning Crypto Assets for political donations to avoid foreign interference in the political donation system. Previously, Reform UK became the first political party in the UK to accept Crypto Assets donations. Led by Farage, Reform UK has rapidly risen in UK polls and was the first to announce earlier this year that it would accept Crypto Assets donations as part of its commitment to the UK's “crypto revolution,” and has now received its first batch of Crypto Assets donations. Although the upcoming Elections Bill policy document from the UK government initially did not mention a ban on Crypto Assets donations, three informed sources revealed that officials are currently discussing whether to completely prohibit the funding of UK politicians with Crypto Assets. Farage, the acknowledged actual leader of Reform UK, has long held some Crypto Assets himself and has told the Crypto Assets industry that he is “the only hope for the UK crypto industry,” attempting to emulate his long-time ally - US President Trump - in widely embracing Crypto Assets.