The significance of campaign finance reform lies in its potential to reduce the influence of money in politics, promoting fairer electoral processes. Reforms aim to limit the amount individuals and organizations can contribute to political campaigns, thereby curbing the power of wealthy donors and lobbying groups. By increasing transparency and accountability in campaign financing, these reforms help restore public confidence in democratic institutions. Moreover, they can encourage more equitable participation among candidates, allowing those without substantial financial backing to compete more effectively. Ultimately, campaign finance reform seeks to enhance the integrity of the electoral process.