Claim 3c823dffChecked 21 Jul 2026
TrueOn the truth scale
“The government introduced a moratorium on crypto donations.”
Reasoning & Evidence21 Jul 2026
The claim is straightforwardly supported by multiple official UK government sources. The Rycroft Review, commissioned in December 2025, recommended (as Recommendation 3) that the government legislate to introduce a moratorium on political donations made in cryptoassets. The government accepted this recommendation and announced a moratorium taking effect from 25 March 2026, to be delivered via amendments to the Representation of the People Bill with retrospective effect. The government's own press release titled "Cap on donations from overseas electors and ban on crypto donations to protect democracy" explicitly states there will be "a complete and immediate ban on cryptocurrency donations, until Parliament and the Electoral Commission are satisfied that the regulatory environment is robust enough to ensure confidence and transparency." The detailed government response to the Rycroft Review confirms: "The moratorium on political donations made via cryptoassets will apply to all political donations of any value made through cryptoassets on or after 25 March 2026." Since the speech was delivered on 3 June 2026, the moratorium was already in effect by that date. The claim is accurate.
Sources: UK Government, "Cap on donations from overseas electors and ban on crypto donations to protect democracy," https://www.gov.uk/government/news/cap-on-donations-from-overseas-electors-and-ban-on-crypto-donations-to-protect-democracy; UK Government, "The Rycroft Review: HM Government response (accessible version)," https://www.gov.uk/government/publications/the-rycroft-review-hm-government-response/the-rycroft-review-hm-government-response-accessible-version; The Rycroft Review: Report of the independent review into countering foreign financial influence and interference in UK politics, https://www.gov.uk/government/publications/the-rycroft-review-report-of-the-independent-review-into-countering-foreign-financial-influence-and-interference-in-uk-politics/the-rycroft-review-report-of-the-independent-review-into-countering-foreign-financial-influence-and-interference-in-uk-politics
From speech
I thank the hon. Member for her question. We will do whatever is necessary to protect our democracy from foreign influence and from dirty money. That is why we commissioned the Rycroft review, capped overseas donations and introduced a moratorium on crypto donations, and we are taking further action, as set out in the King’s Speech. But the £5 million question still remains: why is the leader of Reform dodging questions about his donations, and why did he keep it secret in the first place?
Sources opened
| [1] | gov.uk |
| [2] | gov.uk |
| [3] | bbc.com |
| [4] | politico.eu |
| [5] | pbs.org |
| [6] | gov.uk |
| [7] | assets.publishing.service.gov.uk |
| [8] | assets.publishing.service.gov.uk |
| [9] | gov.uk |