A recent interesting incident has emerged in UK politics—seven Labour MPs jointly issued a statement demanding that the government explicitly prohibit the use of crypto assets for political donations in the new "Electoral Bill." Their reasoning is straightforward: these assets undermine financial transparency and render regulatory agencies ineffective. More painfully, crypto donations can easily conceal the true source of funds, encourage fragmented donations, and worst of all, open the door for foreign capital to interfere in UK politics. The UK Electoral Commission also voiced concerns, warning that current technological methods are insufficient to effectively manage these risks. This highlights a global challenge: the fundamental contradiction between the anonymity and cross-border nature of crypto assets and the transparency requirements of political funding regulation. Governments worldwide are pondering how to strike a balance.