Labour MPs have proposed making a permanent ban on cryptocurrency donations to political parties after Nigel Farage resigned amid investigations into multimillion‑pound gifts from crypto industry figures. The temporary ban on digital asset contributions was introduced in March following concerns about potential undue influence from wealthy donors. Labour MP Liam Byrne, chair of the business select committee, tabled amendments to existing donation rules that would prohibit all cryptocurrency gifts, according to The Guardian. Byrne said the changes aim to strengthen safeguards against political influence from large donors, noting recent revelations that Farage received a gift valued at roughly $6.7 million from Harborne and additional support from George Cottrell, who has a prior wire‑fraud conviction and ties to the crypto casino Tether.bet. Parliament’s standards commissioner is investigating the donations, and Farage’s resignation triggered a by‑election in his Clacton constituency. The Conservative, Liberal Democrat, Green Party and Labour parties are not expected to field candidates in the Clacton by‑election, and Prime Minister Keir Starmer described Farage’s decision as a “desperate stunt.” Labour is simultaneously selecting a successor to Starmer; Andy Burnham, who recently returned to Parliament after winning a by‑election in Makerfield, is considered a likely candidate and has previously advocated for a “Web3 powerhouse” in Greater Manchester. The House of Commons is set to debate the amendment next week, and the outcome could shape future Financial Conduct Authority oversight of digital assets in the United Kingdom.