UK Lawmakers Urge Ban on Crypto Political Donations Amid Foreign Interference Concerns
- Call for Transparency: Seven UK lawmakers have urged Prime Minister Keir Starmer to include a ban on crypto donations in an upcoming elections bill, emphasizing that political financing must be “transparent, traceable, and enforceable” to prevent foreign interference.
- Risk Warning: Liam Byrne, chair of the Business and Trade Committee, highlighted that crypto can obscure the source of funds and enable micro-donations below disclosure thresholds, posing risks of foreign interference in UK politics, a concern echoed by the Electoral Commission.
- Political Impact: This move could hinder Reform UK, which aimed to be the first political party to accept crypto donations and received a record £9 million cash donation last December, illustrating the potential influence of crypto in political financing.
- International Comparison: Byrne noted that other democracies have already acted on this issue, urging the UK not to wait for a scandal to prompt action, stressing the importance of protecting democracy by ensuring the legitimacy and transparency of donations.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
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() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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