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Florence Eshalomi
These Government amendments therefore propose a ban on political donations made in cryptoassets, in line with the recommendations in the Rycroft review. The ban applies to donations of all values. The specific risk associated with foreign interference and crypto donations is not the same as the risk associated with donations made by bank transfers.
The ban will apply retrospectively. Any donations made in cryptoassets from 25 March 2026 must be returned within 30 days following the commencement of these provisions.
[Official Report, 2 September 2026; Vol. 790, c. 263.]
Written correction submitted by the Minister for Homelessness, Democracy, Communities and Faith, the hon. Member for Vauxhall and Camberwell Green (Florence Eshalomi):
Florence Eshalomi
These Government amendments therefore propose a ban on political donations made in cryptoassets, in line with the recommendations in the Rycroft review. The ban applies to donations of all values. The specific risk associated with foreign interference and crypto donations is not the same as the risk associated with donations made by bank transfers.
The ban will apply retrospectively. Any donations made in cryptoassets on or after 25 March 2026 must be returned within 30 days following the commencement of these provisions.
The following is an extract from the debate on the Representation of the People Bill on 2 September 2026.
Florence Eshalomi
The ban will apply retrospectively, ensuring that any donations made after 25 March 2026 will be returned.
[Official Report, 2 September 2026; Vol. 790, c. 264.]
Written correction submitted by the Minister for Homelessness, Democracy, Communities and Faith:
Florence Eshalomi
The ban will apply retrospectively, ensuring that any donations made on or after 25 March 2026 will be returned.
The following is an extract from the debate on the Representation of the People Bill on 2 September 2026.
Florence Eshalomi
As drafted, a number of the Bill’s provisions apply specifically to registered political parties. These include the restrictions relating to donations and regulated transactions involving cryptoassets, the cap on donations made by, and transactions involving, overseas electors, and restrictions on donations made by transactions including companies and LLPs.
[Official Report, 2 September 2026; Vol. 790, c. 267.]
Written correction submitted by the Minister for Homelessness, Democracy, Communities and Faith:
Florence Eshalomi
As drafted, a number of the Bill’s provisions apply specifically to registered political parties. These include the restrictions relating to donations and regulated transactions involving cryptoassets, the cap on donations made by, and transactions involving, overseas electors, and restrictions on donations made by and transactions involving companies and LLPs.
The following is an extract from the debate on the Representation of the People Bill on 2 September 2026.
Florence Eshalomi
The new clause also allows the Secretary of State to impose similar restrictions on the use of gifts made by overseas contributors and companies to incorporated associations making political donations.
[Official Report, 2 September 2026; Vol. 790, c. 267.]
Written correction submitted by the Minister for Homelessness, Democracy, Communities and Faith:
Florence Eshalomi
The new clause also allows the Secretary of State to impose similar restrictions on the use of gifts made by overseas electors and companies to incorporated associations making political donations.