B

Baroness Taylor of Stevenage (Lab)

Speaking in the House of Lords on 2 September 2026

Debate

Electoral Commission Investigations

Contribution

We have significantly strengthened the ability to identify, freeze and recover illicit crypto assets in recent years through a combination of legislative reform, operational capability uplift and system-wide co-ordination. We are going further now, following the introduction of the Financial Services and Markets Act regulations this year, implementing a broader crypto asset regulatory regime, which I hope will do exactly what the noble Lord referred to, covering activities such as trading, custody and consumer protection. We need to make sure that we know the source. The “know your donor” provisions in the new Bill make sure that political parties are taking serious account of where their funding is coming from.

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