The Bunker – News without the nonsense Starmer finds Farage's Crypto-nite – Weekly Wrap-Up with Seth Thévoz
Mar 27, 2026
Seth Thévoz, journalist and author of London Clubland, offers sharp political and cultural analysis. He unpacks new crypto and overseas donation limits, the risks of anonymous crypto funding, and a proposed £100,000 cap on foreign donations. He also covers party funding loopholes, state funding ideas, and recent UK and international political stories.
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Rycroft Review Targets Overseas And Crypto Donations
- The Rycroft review targets foreign financial interference with measures like a £100,000 cap on overseas donations and a temporary moratorium on crypto donations.
- Seth Thévoz explains crypto donations skirt transparency and Reform UK benefitted from large, partly crypto gifts from an overseas donor.
Donation Cap Would Break Big Donor Dominance
- A donation cap could shift parties away from dependence on a few wealthy donors and expose gaps like lack of state funding and weak due diligence.
- Thévoz notes 19 individuals account for 75% of party donations, arguing caps plus matched funding would curb concentrated influence.
Reform's Rise Fueled By One Major Overseas Donor
- Reform UK's surge relied heavily on one overseas donor, Christopher Harbourn, who gave about £12 million and stores funds in crypto.
- Thévoz argues removing that donor reveals Reform's fundraising weakness and explains why laws aimed at one person risk being self-interested.