Dear John,
British politics is entering the modern age, but not for the better. This week, Nigel Farage announced that this party has started accepting crypto donations.
On the surface it sounds novel. But beneath the surface, this is a new frontier for untraceable, dark money to flow into our democracy.
Crypto donations mean wealthly donors can give thousands to a political party from an anonymous wallet, with virtually no paper trail to know who’s truly behind it.
Foreign donors. Billionaires hiding behind shell accounts. The potential for abuse is enormous, and the rules aren’t ready for it.
And if that wasn’t enough, a new investigation has revealed that companies who donated to Labour have received £138 million in government contracts.
