A UK parliamentary committee urged an immediate moratorium on crypto political donations until stronger safeguards are in place. A cross-party parliamentary committee in the United Kingdom has urged the government to impose an immediate moratorium on cryptocurrency donations to political parties until stronger safeguards are in place. In a report published on Wednesday, the Joint Committee on the National Security Strategy said the government should amend the Representation of the People Bill to impose an “immediate moratorium on crypto donations” until the Electoral Commission produces statutory guidance ahead of the next general election, due by August 2029. The committee also called for the creation of a Political Finance Enforcement Unit to oversee these activities and reduce the minimum threshold for declaring political donations from 11,180 British pounds ($14,900) to 500 pounds ($668), and proposed increasing the maximum custodial sentences to three years for wrongdoing involving foreign financing. Rea...
Tally said its platform served more than one million users, supporting governance across hundreds of organizations and processing over $1 billion in payments. Decentralized autonomous organization (DAO) governance platform Tally is shutting down after five years of operations, citing a lack of sustainable business models for governance tooling in the crypto market. Tally co-founder and CEO Dennison Bertram said the company will begin winding down at the end of March. He added that the company is not moving forward with a planned initial coin offering (ICO), concluding that it could not confidently deliver on the expectations that would come with selling tokens to investors. Tally’s closure comes despite years of activity on its platform, which supported governance for hundreds of organizations and processed more than $1 billion in payments, according to Bertram. At its peak, the company said it helped secure up to $80 billion in value and served more than 1 million users. Read more