UK Parliament Committee Chairs Urge Total Ban on Crypto Donations
- Threat to Political Funding Transparency: Seven parliamentary committee chairs submitted a letter urging the UK government to completely ban crypto donations, citing concerns that such contributions threaten transparency and traceability in political funding, potentially allowing foreign influence in UK politics.
- Government Review of Crypto Donations: Liam Byrne, chair of the Business, Energy and Industrial Strategy Committee, highlighted that cryptocurrencies can obscure the source of funds and enable small donations below disclosure limits, increasing risks in the electoral process, prompting a reevaluation of related policies by the government.
- Historical Context and Pressure: The call for a ban comes after the government considered this issue back in July 2025, intensifying pressure on the Labour government, especially with the Elections Bill expected to be released soon.
- Regulatory Framework Development: With the UK Parliament passing regulations that classify cryptocurrencies as property, there are expectations for similar regulatory oversight of these digital assets by 2027, indicating the government's cautious approach towards cryptocurrencies.
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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.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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