Crypto Donations: The Democracy Killer?

by

It’s time to panic, folks! 🚨 Cabinet Minister Pat McFadden has sounded the alarm, warning that crypto donations could be the demise of democracy as we know it. And, quite frankly, it’s about time someone did. I mean, who needs transparent elections when you can have anonymous digital contributions, right? 🤷‍♂️

It all started when Reform UK decided to join the 21st century and accept Bitcoin donations. Because, you know, who needs traditional checks and balances when you can have the thrill of possibly-funding-your-election-with-foreign-or-criminal-money? 🎉 Watchdogs were quick to point out the obvious risks, but hey, who listens to watchdogs anyway? 🐕

A recent report by an anti-corruption group (because, yes, those exist) highlighted the ease with which crypto can bypass traditional checks. It’s like they say: “Crypto: because who needs rules, anyway?” 🤑 McFadden and Labour MP Liam Byrne are now pushing for more power and resources for agencies like the Electoral Commission to track these funds. Because, you know, someone has to adult here. 👮‍♂️

Meanwhile, in other parts of the world, governments are taking action. Ireland is leading the charge, introducing measures to protect against hidden foreign influence. The U.S. is also getting in on the action, with states like Oregon and Michigan banning crypto donations outright. But in countries with weaker controls (cough, El Salvador, cough), the risk of manipulation remains high. It’s like they say: “Crypto: the gift that keeps on giving… to foreign powers and criminals.” 🎁

Read More

2025-07-17 14:36