Seven prominent committee chairs of the UK Labour Party in Parliament recently jointly urged the government to include restrictions on political donations from cryptocurrencies in the upcoming Election Bill. They pointed out three potential risks of such donations. First, the anonymity of crypto asset transactions can obscure the true flow of funds, increasing money laundering risks. Second, small, repeated donations through digital assets can circumvent existing disclosure thresholds, creating regulatory loopholes. Third, more alarmingly, crypto donation models provide a convenient channel for foreign capital to interfere in elections. This move undoubtedly puts significant pressure on the Labour government. However, the UK government has indeed been considering this ban after July 2025, but due to the complexity of implementation, involving technical solutions and international coordination, it is currently inclined to temporarily exclude it from this legislative revision. This reflects the real dilemmas policymakers face when regulating the integration of crypto assets and politics.