As AI deepfakes cause havoc during other elections, experts warn the UK’s politicians should be prepared.
“Just tell me what you had for breakfast”, says Mike Narouei, of ControlAI, recording on his laptop. I speak for around 15 seconds, about my toast, coffee and journey to their offices.
Within seconds, I hear my own voice, saying something entirely different.
In this case, words I have written: “Deepfakes can be extremely realistic and have the ability to disrupt our politics and damage our trust in the democratic process.”
Image: Tamara Cohen’s voice being turned into a deepfake
We have used free software, it hasn’t taken any advanced technical skills, and the whole thing has taken next to no time at all.
This is an audio deepfake – video ones take more effort to produce – and as well as being deployed by scammers of all kinds, there is deep concern, in a year with some two billion people going to the polls, in the US, India and dozens of other countries including the UK, about their impact on elections.
London mayor Sadiq Khan was also targeted this year, with fake audio of him making inflammatory remarks about Remembrance weekend and calling for pro-Palestine marches going viral at a tense time for communities. He claimed new laws were needed to stop them.
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Ciaran Martin, the former director of the UK’s National Cyber Security Centre, told Sky News that expensively made video fakes can be less effective and easier to debunk than audio.
“I’m particularly worried right now about audio, because audio deepfakes are spectacularly easy to make, disturbingly easy”, he said. “And if they’re cleverly deployed, they can have an impact.”
Those which have been most damaging, in his view, are an audio deepfake of President Biden, sent to voters during the New Hampshire primaries in January this year.
A “robocall” with the president’s voice told voters to stay at home and “save” their votes for the presidential election in November. A political consultant later claimed responsibility and has been indicted and fined $6m (£4.7m).
Mr Martin, now a professor at the Blavatnik School of Government at Oxford University, said: “It was a very credible imitation of his voice and anecdotal evidence suggests some people were tricked by that.
“Not least because it wasn’t an email they could forward to someone else to have a look at, or on TV where lots of people were watching. It was a call to their home which they more or less had to judge alone.
“Targeted audio, in particular, is probably the biggest threat right now, and there’s no blanket solution, there’s no button there that you can just press and make this problem go away if you are prepared to pay for it or pass the right laws.
“What you need, and the US did this very well in 2020, is a series of responsible and well-informed eyes and ears throughout different parts of the electoral system to limit and mitigate the damage.”
He says there is a risk to hyping up the threat of deepfakes, when they have not yet caused mass electoral damage.
A Russian-made fake broadcast of Ukrainian TV, he said, featuring a Ukrainian official taking responsibility for a terrorist attack in Moscow, was simply “not believed”, despite being expensively produced.
The UK government has passed a National Security Act with new offences of foreign interference in the country’s democratic processes.
The Online Safety Act requires tech companies to take such content down, and meetings are being regularly held with social media companies during the pre-election period.
Democracy campaigners are concerned that deepfakes could be used not just by hostile foreign actors, or lone individuals who want to disrupt the process – but political parties themselves.
Polly Curtis is chief executive of the thinktank Demos, which has called on the parties to agree to a set of guidelines for the use of AI.
Image: Polly Curtis, the chief executive of Demos
She said: “The risk is that you’ll have foreign actors, you’ll have political parties, you’ll have ordinary people on the street creating content and just stirring the pot of what’s true and what’s not true.
“We want them to come together and agree together how they’re going to use these tools at the election. We want them to agree not to create generative AI or amplify it, and label it when it is used.
“This technology is so new, and there are so many elections going on, there could be a big misinformation event in an election campaign that starts to affect people’s trust in the information they’ve got.”
Deepfakes have already been targeted at major elections.
Last year, within hours before polls closed in the Slovakian presidential election, an audio fake of one of the candidates claiming to have rigged the election went viral. He was heavily defeated and his pro-Russian opponent won.
The UK government established a Joint Election Security Preparations Unit earlier this year – with Whitehall officials working with police and security agencies – to respond to threats as they emerge.
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A UK government spokesperson said: “Security is paramount and we are well-prepared to ensure the integrity of the election with robust systems in place to protect against any potential interference.
“The National Security Act contains tools to tackle deepfake election threats and social media platforms should also proactively take action against state-sponsored content aimed at interfering with the election.”
Shadow security minister Dan Jarvis said: “Our democracy is strong, and we cannot and will not allow any attempts to undermine the integrity of our elections.
“However, the rapid pace of AI technology means that government must now always be one step ahead of malign actors intent on using deepfakes and disinformation to undermine trust in our democratic system.
“Labour will be relentless in countering these threats.”
Crypto exchange OKX said volume in its licensed and regulated markets increased 53-fold in 2025, driven by its expansion into the United States and the European Economic Area.
Citing internal data, the exchange said daily active wallets doubled over the past year, with an average of about 190,000 new wallets created each day, while decentralized exchange volume on its platform rose 262% globally and centralized trading increased 16% over the same period.
The company attributed its market growth to an operating model focused on licensed access to regulated markets. OKX expanded across the European Economic Area in January after receiving a license under the EU’s Markets in Crypto-Assets framework, or MiCA.
In the United States, the exchange noted that its April market entry coincided with several positive regulatory developments, including the passage of the GENIUS Act and steps by the Office of the Comptroller of the Currency to charter crypto-native trust banks.
Data from CoinMarketCap place OKX fourth globally among cryptocurrency exchanges, using rankings that weigh factors such as platform traffic, liquidity, reported trading volume and confidence in volume authenticity.
In December, OKX was among several cryptocurrency exchanges blocked in Belarus after the Ministry of Information restricted access to their global websites, citing violations related to “inappropriate advertising” under the country’s Law on Mass Media.
The MiCA legislation created a single licensing regime for crypto service providers across the bloc and became fully applicable to exchanges in December 2024. Since then, several major platforms have moved to secure approvals that allow them to passport services across the European Economic Area.
In 2025, Bybit received authorization from Austria’s Financial Market Authority and established Vienna as its European headquarters, while Coinbase obtained a MiCA license a month later from Luxembourg and designated the country as its regional base.
Kraken followed with approval from the Central Bank of Ireland, building on earlier MiFID and electronic money licenses, and Gemini secured authorization from Malta’s Financial Services Authority in August, according to regulatory records.
In the US, the passage of the GENIUS Act in July established a federal framework governing stablecoin issuance and use. Since then, the stablecoin market has grown to more than $310 billion, with US dollar–backed tokens Tether’s USDt (USDT) and Circle’s USDC (USDC) together accounting for about 85% of total supply, according to data from DefiLlama.
Wyoming Representative Harriet Hageman intensified chatter about a 2026 Senate run by posting a video days after Senator Cynthia Lummis announced she will not seek reelection.
The five-second clip shows the congresswoman alongside a single-word caption: “Soon.” It breaks a months‑long lull on her account and bolsters speculation that she is eyeing Lummis’ open seat.
Wyoming’s Senate seat has been a reliable voice in advancing regulatory clarity for the crypto industry, from market structure bills and stablecoin regulation to banking access. Whoever replaces Lummis will help decide whether crypto keeps a dedicated champion in the Senate.
Hageman’s tweet has fueled speculation that she may target Wyoming’s open crypto-focused Senate seat. Source: Harriet Hageman
A crypto ally steps down
Lummis is expected to retire at the end of her term, removing one of the digital‑asset industry’s most outspoken allies from the Senate just as lawmakers edge toward potential votes on landmark market‑structure legislation.
Lummis has built a national profile as a reliable pro‑crypto voice, embracing Bitcoin early and co‑sponsoring legislative efforts widely viewed to advance the blockchain industry, including the Responsible Financial Innovation Act and the ongoing US Clarity Act.
Her pending exit leaves the industry without a guaranteed champion in a chamber that has become increasingly central to decisions on trading‑platform oversight, stablecoin rules and banking access for crypto firms.
As Wyoming’s at‑large House member, she has so far focused on broader conservative themes like parental rights in education, opposition to federal overreach and backing pro‑fossil fuel energy policies, while aligning herself with President Donald Trump. A Senate campaign would test how much she is willing to lean into Lummis’ crypto legacy alongside those priorities.
Wyoming’s crypto community is already nudging her in that direction. Caitlin Long, founder of Custodia Bank and a key architect of the state’s blockchain‑friendly laws, praised Hageman as “salt of the earth.” Long was reacting to news of Hageman’s expected entry in the race.
Introducing Harriet Hageman | Source: Caitlin Long
Long’s backing effectively introduces Hageman to crypto audiences as the preferred successor, even though the House member has not yet made digital assets a signature focus.
Wyoming’s 2026 Senate race is now poised to double as a test of whether the state wants to preserve its identity as home to the Senate’s most visible crypto advocate, or fold digital asset policy into a broader Trump‑era Republican agenda.
Bybit will begin phasing out services for residents of Japan from 2026, introducing gradual account restrictions as it moves to comply with the country’s regulatory requirements, the cryptocurrency exchange said on Monday.
The exchange said users classified as Japanese residents will be subject to the restrictions on a rolling basis, while those incorrectly flagged have been asked to complete additional identity checks. Bybit is not registered with Japan’s Financial Services Agency, which requires crypto exchanges serving Japanese users to hold local approval.
“If you’re a resident of Japan, please note that starting from 2026 your account will be subject to gradual restrictions. You’ll receive additional updates on the remediation process in subsequent communications,” the exchange said in an announcement on Monday.
Bybit often ranks as the world’s second-largest crypto exchange by daily trading volume. At the time of writing, it processed about $4.3 billion in trades in 24 hours, according to CoinGecko data.
Top five crypto exchanges by volume. Source: CoinGecko
The announcement follows earlier steps taken by Bybit to limit its exposure to Japan. In October, the exchange said it would pause new user registrations in Japan, citing ongoing discussions with the country’s Financial Services Agency (FSA).
In February, the FSA asked Apple and Google to suspend downloads of five unregistered cryptocurrency exchanges, including Bybit, MEXC Global, LBank Exchange, KuCoin and Bitget.
Japan maintains one of the world’s strictest crypto oversight regimes. In July, Maksym Sakharov, co-founder and CEO of decentralized onchain bank WeFi, told Cointelegraph that Japan’s regulatory bottleneck is pushing innovation out of the country.
Bybit did not respond to Cointelegraph’s request for comment by press time.
Meanwhile, Bybit is reentering the UK market after a two-year pause with a new platform offering spot trading and a peer-to-peer service, operating under a promotions arrangement approved by Archax rather than its own UK registration.
Last month, Bybit also secured a Virtual Asset Platform Operator License from the Securities and Commodities Authority of the United Arab Emirates, eight months after receiving an in-principle approval from the local regulator.