Reform UK Defends Crypto Donations | UK News

0:00I'm Cory with the story and you've been listening to UK News today, AI-powered national coverage. So, reform UK is saying that the 72 million pounds they've gotten from two crypto billionaires is totally legit, no problem with the law. Their economic spokesperson laid it out, saying they don't expect to have to give any of that cash back. These donors, Bindelo and Christopher Harborn are British but have been living abroad. Now, the government is trying to change things up, specifically with donations from British expats. They're looking at putting a 100,000 pound cap on those donations and they wanted to count from March 25th. Reform UK's stance is that these donations fit the current law and even the future law they're expecting. It's interesting because one of the donors, Bindelo, has actually moved back to the UK, partly to get in line with these new rules. Reform UK is suggesting that the government might just keep changing laws to make it harder for people to support them, but they're confident in their asking, car position.

1:03They save these guys' arm-bying influence. They just backed the party's message. These donations are now tied for the biggest ever given to a UK political party. The proposed changes also include a limit for those returning to the UK, capping their donations at 100,000 pounds in the year after they come back. These measures have already passed the House of Commons and are heading to the House of Lords for more review. Officials are saying these changes are a direct response to a review that came out on March 25th. They've also reached out to the Electoral Commission to see what else can be done to safeguard the democratic process. It's a developing situation with the law still working its way through Parliament.