Byrne said the committee chairs are concerned political finance “must be transparent, traceable and enforceable” but crypto donations undermine all three.
“Crypto can obscure the true source of funds, enable thousands of micro donations below disclosure thresholds, and expose UK politics to foreign interference,” he said. “The Electoral Commission has warned that current technology makes these risks exceptionally hard to manage.
“Other democracies have already acted. The UK should not wait until a scandal forces our hand. This is not about opposing innovation. It is about protecting democracy with rules that work in the real world.”