Question to the HM Treasury:

To ask His Majesty's Government, in the light of the Financial Conduct Authority letter Sponsorship Arrangements Between Football Clubs and Unauthorised Firms published in June 2026, whether the Financial Conduct Authority intends to review sponsorship or arrangements between crypto-currency firms, and (1) political parties, and (2) politicians.

Protecting the integrity of our democratic and electoral processes is a priority for this Government.

The Financial Conduct Authority (FCA) does not intend to undertake such a review. The FCA has taken steps to address the risks associated with football club sponsorship arrangements involving unauthorised cryptoasset firms. Oversight of sponsorship arrangements involving political parties or politicians falls under electoral law and is a matter for the Government and the independent Electoral Commission.

The Government is bringing forward a number of policy reforms on political finance as part of the Representation of the People Bill. These include reforms to rules around political donations, as well as new rules relating to political donations in the form of cryptoassets, donations from companies and LLPs, and a cap on donations from overseas electors.   

In March 2026, alongside the publication of the independent Rycroft Review into countering foreign financial interference and influence in UK politics, the Government announced a moratorium on political donations made via cryptoassets. This includes political donations which take the form of sponsorships.