Bitcoin

While isolated, the Murrell case adds to a pattern of political and financial scandals in the UK, which may slowly erode confidence in traditional party financing and governance. For crypto, this is a non-event in terms of price action, but it reinforces the narrative of 'trust in code, not in people' that appeals to a niche segment of investors.

Former SNP chief executive Peter Murrell admitted embezzling more than £400,000 from the party between August 2010 and October 2022.