Crypto’s labor call to ban political donations is “attack”

Congress worker Pat McFadden said The UK should consider banning political donations of codescites concerns about illegal or foreign funding campaigns. The call will take place two months later Nigel Farage His reformed British Party announced that it will become the first British party to accept donations in code.

Ian Taylor, board advisor for the Digital Asset Advocacy Group Crypto UKI said Decryption McFadden’s comments were “absolutely” political moves to reform the growing popularity of the UK.

“If you want to wipe out politics, you have to eradicate dark money, hidden money, foreigners.” British Prime Minister Kiel Starmertold lawmakers Monday. “That means we will ban cryptocurrency donations, donations from unincorporated associations, and donations funded by foreign interests.”

Taylor pushed back McFadden’s assumptions as when a crypto donation opens doors to “dark,” “hidden,” or “foreign” money, as the donation requires the sender to identify himself.

“If a political party wants to accept code, they’ll say they need to kyc themselves, and that’s pretty easy,” he explained. I know the customer Process financial institutions use it to collect personal identification from clients.

A reform UK spokesman said Decryption Currently, you need a donor of £500 or more to pass the KYC check sumsub It also uses tools such as chain dialysis, ellipse, and crystal intelligence to monitor behavior in relation to illegal or authorized entities. Reform UK said it would refund payments that are outside the Election Commission guidelines.

“It’s in public chains and there’s a tool that can identify senders and specific crypto assets history,” explained Taylor of Crypto UK. “There’s a really good way to ensure that stolen assets used in crypto can be stopped, tracked, tracked and even regained.”

However, there were concerns about foreign influences through cryptographic codes throughout the Atlantic. American politicians Requested Ethical survey of President Trump meme coinAfter he invited that top holder to Private dinner Early this year. The lawmaker’s letter cited the risk of foreign payments through anonymous crypto investments to gain influence.

But the pace of embrace in the UK has slowed down. There is no official memecoin MP, and only one person accepts crypto donations.

“It looks like he’s trying to make a stance on issues that don’t exist,” Taylor said of McFadden’s comments. “To my point, where are the numbers? How many parties are the actual code donated to? I insist on zero.”

Reformed Britain became the UK’s first political party to accept any form of cryptocurrency as a payment in late May. As a result, Taylor believes McFadden’s call to ban code contributions is “absolutely” a political move.

“Whether you like reform or not – you like their strategy and you think they can run the government – they’re gaining popularity,” Taylor said. Decryption. “It’s going to lead the incumbent government to attack them and look for ways to distrust them. That’s the job of the parties to trust the other side. That’s part of the game, right?”

Pat McFadden declined Decrypt’s Request a comment.

Reformed Britain is characterized as a divisive far-right party running strict anti-immigrant and anti-transgender policy. Its leader, Farage, is equally controversial. That’s because his role in Brexit and many of his comments have been accused of “.Racist“—————————————————————————————————————————— Defence of Racial Slury.

in The previous electionthe party won 14.3% of the vote, which was translated to 4 out of 650 House seat. Since then, the parties have been gaining popularity, and the latest ones YouGov MRP Votes If elections are held, it shows that British reforms will become the largest party in the country.

McFadden’s comments came as workers’ popularity plummeted after the election. Party cuts against winter fuel paymentscontradiction Campaign pledgeand stance Above Israel’s attack on Gaza.

“Pat McFadden’s comments represent workers’ outdated and unexplained attitudes towards code,” a UK reform spokesperson said. Decryption. “Even though they hold all the power, they did nothing to advance their wise pro-promoting policies on digital assets.